A craft union can raise union members' wages by restricting labor supply through high initiation fees, long apprenticeship periods, or difficult qualifying requirements

An increase in people's expected future disposable income ________ saving supply, and the supply of loanable funds curve ________

A) decreases; shifts rightward B) does not change; does not shift C) increases; shifts rightward D) increases; shifts leftward E) decreases; shifts leftward

A successful compensation scheme

A) must induce effort from workers and ensure that both employer and employees benefit. B) must allow employees to participate in a firm's profits. C) must pay workers with comparable skills a comparable wage. D) must enable workers to enjoy a certain standard of living and must enable employers to earn a normal rate of return.