(Solution) If Unskilled Workers In Poultry Processing Plants Unionize, Then The Real Wage Of Unskilled Workers In Poultry Processing Plants Is Predicted To... | Snapessays.com


(Solution) If unskilled workers in poultry processing plants unionize, then the real wage of unskilled workers in poultry processing plants is predicted to...


I need help with these questions.1.

 

If unskilled workers in poultry processing plants unionize, then the real wage of unskilled

 

workers in poultry processing plants is predicted to ____ and the employment of

 

unskilled workers in poultry processing plants is predicted to _____.

 

Answer

 

increase; increase

 

increase; decrease

 

increase; not change

 

decrease; decrease

 

decrease; not change

 

1 points

 

Question 2

 

1.

 

Providing a constant number of workers with additional capital with which to work will ______

 

average labor productivity at a _____ rate.

 

Answer

 

increase; increasing

 

increase; constant

 

increase; decreasing

 

decrease; decreasing

 

decrease; constant

 

1 points

 

Question 3

 

1.

 

Holding other factors constant, if households decide to save more for bequest purposes, then the

 

real interest rate will _____ and the equilibrium quantity of saving and investment will _____.

 

Answer

 

increase; increase

 

increase; not change

 

increase; decrease

 

decrease; increase

 

decrease; decrease

 

1 points

 

Question 4

 

1.

 

Elaine owns a beautiful diamond ring she purchased for $2,500. When she has it appraised she

 

learns it is now worth $3,000. Based on this information:

 

Answer

 

Elaine's saving this year has increased by $500.

 

Elaine's saving this year has decreased by $500.

 

Elaine has a $500 capital gain.

 

Elaine has a $500 capital loss.

 

Elaine's wealth is unchanged.

 


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This question was answered on: May 23, 2022

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