--%>
Assignment Help - homework help

Labor Unions and Employment

The labor union will not enhance its members' job viewpoints by: (1) Raising worker productivity through apprenticeship. (2) Limiting entry through quotas or high initiation fees. (3) Lobbying for the tariffs on competing the foreign goods. (4) Collectively bargaining for the above-equilibrium wage.

Find out the right answer from the above options.

   Related Questions in Microeconomics

  • Q : Effects of Imperfect information

    Imperfect information at times causes consumer’s attempts to make best use of their satisfaction to fail since: (1) Expectations are imperfectly realized and trial-and-error patterns can lead to the mistakes. (2) Sellers might misrepresent the c

    		•
  • Q : Discrimination problem When racial or

    When racial or personal or sex discrimination decreases worker’s mobility across the occupations: (1) Workers will be completely compensated for their opportunity costs. (2) Economic rent is more probable to be earned by such who are not discriminated against. (

    		•
  • Q : Problem regarding to Government

    Suppose the market for exercise equipment is primarily in equilibrium, and after that the government places a subsidy upon the exercise equipment. The probable result would be: (1) increased production and purchases of exercise equipment. (2) that buy

    		•
  • Q : Economically inefficient level of output

    A monopolist produces an economically inefficient level of output since: (i) the difference among marginal revenue [MR] and marginal costs [marginal costs [MC] is maximized. (ii) P > average total costs [ATC], therefore MSB < MSC. (iii) all cons

    		•
  • Q : Signals of economic profits to

    Economic profits are: (1) signals which, for efficiency, more resources must be moved into an industry. (2) rewards to successful innovators. (3) capitalized as wealth when they can be expected over time. (4) a residual to a firm's owners for bearing

    		•
  • Q : Untrue of an oligopoly This is untrue

    This is untrue of an oligopoly which: (i) only a few firms dominate a market. (ii) entry barriers may be important. (iii) economic profit are possible in the long run. (iv) no close substitutes exist for the product of any firm. (v) market power is sh

    		•
  • Q : Monopoly and competition theory The

    The theorist who set the stage for much of the “new” theory of international trade through blending theories of monopoly and competition to suit the case of several sellers offering differentiated products was: (1) Leon Walras. (2) Vilfred

    		•
  • Q : Low-income elasticities of demand

    Placing an excise tax upon goods along with low-income elasticities of demand will share out the tax burden as: (1) proportionally between high-income and low-income households. (2) disproportionately on high-income households. (3) disproportionately

    		•
  • Q : Why is the ATC bigger than AVC Why is

    Why is the ATC bigger than AVC? Answer: ATC is bigger than AVC since ATC comprises AVC and AFC

    		•
  • Q : Marginal revenue and average revenue

    A firm along with market power faces a downward sloping demand curve since: (w) selling more of the good needs a price cut. (x) marginal revenue should equal average revenue. (y) only pure monopolies face horizontal demand curves. (z)

    		•