Which of the following is correct?
a. Nearly all economists believe that unions are bad for the economy as a whole.
b. Unionized firms pay wages above the competitive equilibrium level.
c. Unions increase the level of employment in unionized firms.
d. Unions decrease the level of employment in firms without unions.
b
Economics
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Which of the following factors is likely to lead to an increase in the quantity demanded of pens?
A) A fall in the price of paper B) A fall in the incomes of all consumers C) A rise in the incomes of all consumers D) A fall in the price of pens
Economics
Economists use models to:
a. abstract from the complexities of the world. b. understand economic behavior. c. explain and help predict human behavior. d. do all of these.
Economics