A monopolist union that desired to maximize its total wage bill ( ) would offer that quantity of labor for which
a. labor's marginal productivity is zero.
b. labor's wage falls to zero.
c. the quantity of labor hired is as great as possible given the firm's demand curve.
d. the marginal revenue from providing one more worker to the market is zero.
d
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How do countries protect their domestic economy from excessive influence by multinational corporations?
(A) By requiring the multinationals to export a certain percentage of their products. (B) By raising the price of goods and services provided by the multinationals. (C) By limiting the supplies of the multinational corporations. (D) By developing their internal economies.
Which of the following is TRUE of the Federal Reserve System?
a) It is controlled by the executive branch of the federal government. b) It is subject to oversight from Congress. c) It is not the central bank of the United States. d) It was established as part of the U.S. Constitution.