Other things being equal, a labor union will find it harder to obtain a wage increase for its members the:
A. Less elastic is the demand for the product labor produces
B. Easier it is to substitute other resources for labor
C. Greater the amount of unionization in the industry
D. Less elastic is the demand for labor
B. Easier it is to substitute other resources for labor
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Which of the following correctly identifies an argument against globalization?
A) Globalization limits the bundle of goods and services available in smaller countries. B) Globalization leads to an exploitation of developed countries. C) Globalization can lead to a loss of indigenous culture and tradition. D) Globalization works against free trade.
The table above gives Jane's total utility from magazines and CDs. The price of a magazine is $4 and the price of a CD is $10. What is the marginal utility per dollar from CDs when the sixth CD is purchased?
A) 40 units B) 30 units C) 15 units D) 5 units