An industrial union can obtain a wage higher than the competitive level

a. without any change in total employment
b. at the cost of a reduction in total employment
c. and achieve higher total employment as well
d. and achieve the same or higher total employment
e. thus increasing the quantity of labor demanded

B

Economics

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If the MPC is 0.9, then the government spending multiplier is:

a) 0.1 b) 1.11 c) 9 d) 10

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When the production of a worker is relatively easily observable, the firm can pay a piece-rate

Indicate whether the statement is true or false

Economics