A union can influence the demand for labor by:

a. requiring union fees.
b. raising union fees.
c. effective advertising that convinces customers to buy the "union label."
d. all of these.

c

Economics

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Which of the following is true of welfare states?

A) Resources are not equally distributed in a welfare state. B) Resources are efficiently allocated in a welfare state. C) A welfare state entails a huge cost on the society. D) A welfare state usually has a regressive tax system.

Economics

Figure 10-10


indicates the output of the economy, y1, is
a.
less than the economy's long-run capacity.
b.
equal to the economy's long-run capacity.
c.
greater than the economy's long-run capacity.
d.
unattainable, even in the short run.

Economics