Empiricism refers to using ________ to analyze the world

Which of the following is not a contribution of small firms to development:

a. permit the economy to adjust to recession by hiring those laid off in the formal sector b. create employment c. source of training and skills d. use little capital e. all of the above are contributions of small firms

Consider two labor markets in which jobs are equally attractive in all respects other than the wage rate. All workers are equally able to do either job. Initially, both labor markets are perfectly competitive. If a union organizes workers in one of the markets, then wage rate will tend to

a. rise in both markets b. fall in both markets c. rise for the union job, but remain unchanged for the nonunion job d. fall for the nonunion job, but remain unchanged for the union job e. rise for the union job and fall for the nonunion job