Which of the following statements is correct?
a. If unions successfully bargain for higher wages for their union members, employment among union members will increase.
b. Wages are higher in nonunion jobs than in union jobs of comparable skill
c. The efficiency wage model asserts that higher wages will lead to higher productivity.
d. The imposition of a minimum wage above the market price for unskilled labor creates a shortage of labor.
c
You might also like to view...
In the taste-for-discrimination model:
A. a decline in discrimination will reduce the actual African-American-white wage ratio. B. an increase in collective discrimination coefficients of employers will reduce the demand for African-American workers, decrease the African-American wage, and increase African- American employment. C. firms that discriminate will have lower costs than firms that do not discriminate. D. competitive forces will tend to reduce discrimination in the very long run.
Refer to the tables. Suppose that technology and the quality of resources are the same in both countries. We can conclude that:
A. Duckistan has more resources than Herbania.
B. Herbania has more resources than Duckistan.
C. Duckistan has greater opportunity costs than Herbania.
D. Prices are twice as high in Herbania as in Duckistan.