In the long run, an increase in FDI in the manufacturing sector will __________ the return to capital in the ____________ sector(s).

Transaction costs include

A) costs of negotiating contracts with other firms. B) cost of enforcing contracts. C) the existence of asset-specificity. D) All of the above

A union can achieve higher wages without accepting lower levels of employment of members by

A) striking. B) increasing the productivity of its members. C) increasing the amounts of imports. D) increasing the difficulty of its apprenticeship program.