A price ceiling that sets the price of a good below market equilibrium will cause:
a. An increase in quantity demanded of the good.
b. A decrease in quantity supplied of the good.
c. A shortage of the good.
d. All of these.
d
Economics
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The International Brotherhood of Electricians is an example of a(n)
a. agency union b. industrial union c. skilled union d. craft union e. federated union
Economics
Occupational licensing:
A. functions essentially the same as inclusive unionism. B. attracts large numbers of workers and therefore depresses wages. C. often restricts occupational entry and raises the incomes of license holders. D. has been declared illegal in the majority of states.
Economics