Which of the following describes the goal of labor unions?
a. Changing the balance of negotiations between employers and employees
b. Lobbying federal, state, and local governments for employee benefits
c. Requiring employers to address the needs of individual employees
d. Redistributing wages and benefits among union members
a. Changing the balance of negotiations between employers and employees
The goal of labor unions is to change the balance of negotiations between employers and employees.
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Moving between two points on a PPF, a country gains 6 automobiles and forgoes 3 trucks. The opportunity cost of 1 automobile is
A) 2 trucks. B) 1 automobile. C) 1/2 of a truck. D) 3 trucks. E) 6 automobiles - 3 trucks.
In a two-period model with production, an anticipated future increase in domestic total factor productivity
A) increases domestic output and increases the current account surplus. B) increases domestic output and decreases the current account surplus. C) has no effect on domestic output and increases the current account surplus. D) has no effect on domestic output and decreases the current account surplus.