An inclusive union
A. is most concerned with increasing the demand for workers in an industry.
B. organizes a wide range of workers in an industry to gain bargaining power.
C. restricts supply of labor through licensing requirements.
D. is most effective in a purely competitive industry.
Answer: B
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Which of the following is an example of an economic trade-off that a firm has to make?
A) deciding what profit margin it desires for its products B) whether or not consumers will buy its products C) whether it is cheaper to produce with more machines or with more workers D) deciding why consumers want its products
In the one-period valuation model, an increase in the required return on investments in equity
A) increases the expected sales price of a stock. B) increases the current price of a stock. C) reduces the expected sales price of a stock. D) reduces the current price of a stock.