Which is NOT one of the potential benefits of labor unions?

A) Unionism raises social efficiency.
B) Unions appear to reduce wage inequality.
C) Unions may reduce a company's profits.
D) Unions may have contributed to safer working conditions.

C

Economics

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Refer to Figure 15-4. What is the amount of the monopoly's total cost of production?

A) $21,600 B) $17,700 C) $9,340 D) $7,800

Economics

New classical economics suggests that in the long-run changes in aggregate demand will cause:

A. Only short-run changes in output and employment B. Long-run changes in output and employment C. Only short-run changes in the price level D. No change in output and employment

Economics