Suppose consumers expect the price of a good to be higher in the future than it is today. Would the current demand for the good increase or decrease?

To reduce labor costs, companies often invent machines and methods to produce products and reduce the amount of labor required. This is called

A) anti-union. B) downsizing. C) failed labor utilization. D) induced innovation.

The Service Employees International Union is an example of a(n)

A) guild. B) craft union. C) industrial union. D) public-sector union.