A union can influence the equilibrium wage rate by:
a. All of the answers are correct.
b. lobbying for legislation to reduce immigration.
c. collective bargaining.
d. featherbedding.
a
Economics
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Think of examples of goods whose relative price has risen or fallen by a large amount
What will be an ideal response?
Economics
Assume that the nominal exchange rate decreases by 4%. If prices (both domestic and foreign do not change), we know that
A) foreign goods are now relatively cheaper. B) foreign goods are now relatively more expensive. C) domestic goods are now relatively more expensive. D) both A and C
Economics