Which of the following is TRUE about unions?

A) Unions in some settings are associated with increased productivity.
B) Unions in some settings have been effective in promoting general social legislation.
C) Both A and B are correct.
D) Neither A nor B is correct.

C

Economics

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Which of the following statements is true?

A) The slope of the labor supply curve depends only on the income effect of a wage rate change. B) The income effect and the substitution effect of a wage rate change work in the same direction. C) The income effect and the substitution effect of a wage rate change work in opposite directions. D) The slope of the labor supply curve depends only on the substitution effect of a wage rate change.

Economics

After adjusting for inflation, over time the prices of most natural resources have been

a. steady or falling, meaning that our ability to conserve them is growing more rapidly than their supplies are dwindling. b. steady or falling, meaning that their supplies are dwindling more rapidly than our ability to conserve them is growing. c. rising, meaning that our ability to conserve them is growing more rapidly than their supplies are dwindling. d. rising, meaning that their supplies are dwindling more rapidly than our ability to conserve them is growing.

Economics