Union might increase efficiency in the case Where they ?

Labour Market 25/12/2021

A. Raise the wage for insiders above the competitive equilibrium
B. Lower the wage of local outsiders
C. Offset the market power of a large firm that is the dominant employer in a region
D. Threaten a strike but don’t actually follow through so there are not lost hours of work

Related Mcqs:

    If employees cannot accept a job because of the costs of moving this is known as ?
    A. Occupational immobility B. Cyclical unemployment C. Structural immobility D. Geographical immobility...
    If people are made unemployed because of a fall in aggregate demand this is known as ?
    A. Frictional unemployment B. Seasonal unemployment C. Cyclical unemployment D. Structural unemployment...
    A reservation wage is the ?
    A. Maximum wage the firm is willing to pay B. tip necessary to get a waiter to reserve a table C. minimum wage the worker is willing to accept D. competitive equilibrium wage....
    If the minimum wage is set above the equilibrium wage rate, then another thing unchanged ?
    A. There will be equilibrium in the labour market B. There will excess demand in the labour market C. There will be excess supply in the labour market D. More people will be employed...
    Supply side policies are most appropriate to cure ?
    A. Involuntary unemployment B. Cyclical unemployment C. Voluntary unemployment D. A fall in aggregate demand...

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