Every allocation of goods in a one good world is efficient because:
a. MRSs are equalized.
b. there is enough to go around for everyone.
c. no one can be made better off without making someone else worse off.
d. it doesn't matter to whom an extra unit of the good is given.
c
Economics
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Even though the number of workers in manufacturing has increased in the post-war world (since 1947), the proportion of manufacturing workers in the total labor force has declined
Indicate whether the statement is true or false
Economics
All of the following are benefits of labor unions EXCEPT
A) unions reduce wage inequity. B) unions increase the stability of the workforce. C) unions give workers a political voice. D) unions maximize employment for all workers.
Economics