One method unions use to ration available jobs among excess workers is

A) lengthy apprenticeships.
B) to hire only white collar workers.
C) collective bargaining.
D) refuse to unionize.

Answer: A

Economics

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Suppose that the price elasticity of demand for wheat is known to be -0.75. Will a good wheat crop (which increases the supply of wheat) be likely to increase or decrease the revenues of farmers? Carefully explain

What will be an ideal response?

Economics

Peter's Pizzeria sells both pizzas and wings. It wants to increase the sales of its pizzas. If it decides to increase the price of the wings, it is assuming that

a. the pizza and the wings are substitutes b. the pizza and the wings are complements c. the pizza and the wings are unrelated in demands d. it cannot increase the sales of its pizzas

Economics