--%>

Consequences of rise in union wages

Can someone help me in finding out the right answer from the given options. The possible consequences of a rise in union wages comprise reduced: (1) Union employment and a refusal in non-union wages. (2) Shares of national income to the labor however growth of union employment. (3) Union nonunion wage differentials and a fall in union employment. (4) Inflation and raised strike activity.

   Related Questions in Microeconomics

  • Q : Price elasticity of demand relatively

    The transfer of wealth from industrialized countries to oil exporting countries (OPEC) which followed skyrocketing oil prices within the 1970 year indicates such that the price elasticity of demand for oil: (w) relatively low. (x) relatively high. (y)

  • Q : Short-run equilibrium of

    A purely-competitive, short-run equilibrium does NOT need which each firm: (w) produces where MC = MR = P > min(AVC). (x) experiences no excess demand or excess supply. (y) earns only zero economic profit. (z) adjust output hence m

  • Q : Problem on law of demand Let think

    Let think about the law of demand. The idea that a big price for a normal good will outcome in less of the good being bought never based logically on the: (i) Income effect. (ii) Demand for the good falling since of the higher price. (iii) Law of redu

  • Q : Monopsonistic Exploitation-Wage

    Whenever a firm's wage structure imitates the keenness of individual employees to work, terms which are most applicable comprise: (1) Monopsonistic exploitation and the wage discrimination. (2) Monopolistic exploitation and the separation of control and ownership. (3)

  • Q : Problem regarding to First Mover

    Carlos and Ivana both are roommates and friends. Carlos and Ivana eat together regardless of who cooks. When this game is repeated almost daily, and on Thursday, Ivana is permitted to pick first, the probable result is that: (w) neither Carlos nor Ivana cook, nor do t

  • Q : Problem on decline of demand The

    The automakers slashed prices and gave ‘zero percent financing’ throughout the year 2001-2003 recession. An expected outcome was: (1) The decline in the demand for utilized cars. (2) enhanced maintenance of older cars by their owners. (3) Buyers purchasing

  • Q : Purely competitive and monopolistic

    Which one is correct ? A) Both purely competitive and monopolistic firms are "price takers." B) Both purely competitive and monopolistic firms are "price makers." C) A purely competitive firm is a "price taker," while a monopolist is a "price maker." D) A purely compe

  • Q : Discounted present value of future net

    A fundamental principle of finance is that the value of any of investment is: (w) the discounted present value of all future net cash flows expected by the investment. (x) negatively related to the future net cash flows generated from the investment. (y) the sum of al

  • Q : Inefficient economic monopolists

    Monopolists are frequently considered inefficient since they set: (w) MR = MC to maximize profits. (x) P > MSC. (y) MSR < MSC. (z) output where average revenue equals price [AR = P] as well as marginal revenue equals marginal cost [MR = MC].

  • Q : Help In the quintile distribution of

    In the quintile distribution of income, the term "quintile" represents