If a union limits its size to the number of employed members it had when the union was first formed, over time there will be
A) an increase in the supply of union labor.
B) falling wages as demand for workers increases.
C) rising wages as demand for workers increases and the supply increases proportionally.
D) rising wages as demand for workers increases but some potential workers are denied a place in the union.
D
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In the desire to have a celebrity's image protected to prevent it from being used in ways he would not approve, a celebrity's estate
A) will probably not be successful, since there are no laws regulating this kind of use in the United States. B) will most likely be more successful in developing countries than in high-income countries, since property regulations are better enforced in developing countries. C) can rely on U.S. laws that protect intellectual property rights to prevent the unauthorized use of his image. D) will have to be granted a patent declaring the celebrity's image a new product, and this will give the estate protection for 7 years.
In the short run with fixed prices, an increase in investment of $100 billion...
a) increases real GDP by $100 billion b) increases real GDP by less than $100 billion c) increases real GDP by more than $100 billion d) decreases real GDP by $100 billion because of the decrease in induced expenditures