Unions attempt to raise wage rates for their members by
a. reducing the supply of the product their members produce
b. lowering barriers to entry so their members have greater opportunities
c. reducing the demand for labor so there are fewer nonunion competitors
d. negotiating a higher-than-competitive wage rate
e. lowering the marginal product of nonunion labor
D
Economics
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When the government's outlays equal its tax revenue, then the budget
A) is in deficit. B) is in surplus. C) is balanced. D) could be either in surplus or deficit. E) is legal only because expenditures equal tax revenues.
Economics
If the null hypothesis states H0 : E(Y) = µY,0, then a two-sided alternative hypothesis is
A) H1 : E(Y) ? µY,0. B) H1 : E(Y) ? µY,0. C) H1 : < µY,0. D) H1 : E(Y) > µY,0.
Economics