Unions are generally in favor of increased

Info icon This preview shows pages 5–7. Sign up to view the full content.

36. Unions are generally in favor of increased mechanization of the production process by the firm for which they work because: a. it will make the workers' jobs easier. b. it will eventually force the firm to pay a higher wage rate because the workers will have to be more skilled. c. it will increase the elasticity of demand for labor which in turn d. a, b, and c e. this is a trick question because unions are generally against increased mechanization. 37. A closed shop is: 38. In collective bargaining: 39. A single buyer in a factor market is known as a: 40. An electricians' union is an example of: a. an industrial union. b. a public employee union. c. a craft union. d. an employee association. e. a credit union. 41. To increase the wages of its members, a labor union might attempt to: 42. A country has an absolute advantage in the production of a good if it can:
Image of page 5

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

43. If country A can produce 40 units of good Y with a certain amount of resources and country B can produce 42 units of good Y with the same amount of resources: EXHIBIT C United States France Good X Good Y Good X Good Y 120 0 60 0 80 10 40 20 40 20 20 40 0 30 0 60
Image of page 6
Image of page 7
This is the end of the preview. Sign up to access the rest of the document.
  • Spring '10
  • SM
  • Supply And Demand, A., Physical Product, opportunity cost producer

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern