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If firms were controlled by workers, would they likely hire more or fewer workers? Why?
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- Do you think that labor unions in this country have too much power or too little power?How should a monopsonist decide how much of a product to buy? Will it buy more or less than a competitive buyer? Explain.Would you expect the presence of the labor unions to lead to higher or lower pay for worker-members in the short run? What about the long run?
- The more elastic the labour supply is, the smaller the wage paid by a monopsonist. True or False?How might efficiency wages increase worker productivity?Would you expect the presence of labor unions to lead to higher or lower pay for worker-members? Would you expect a higher or lower quantity of workers hired by those employers? Explain briefly.
- What are ways that change can be managed to reduce the level of anxiety experienced by organizational participants? are there times when uncertainty and anxiety about change might be a good thing ?Explain why we have seen a decrease in labor unions.Does inflation and unemployment would be related in the long run? Give your explanation and draw a graph!
- n the neoliberal school of thought, labor unions are Group of answer choices create unproductive conflict. important tools for eliminating capitalism. monopolies that try to restrict the supply of labor and benefit only a few at the expense of others. necessary to facilitate movement of supply and demand to the optimal market wage.Entrepreneurs absorb the risk of starting and running a company. Is Kennedy right about allowing employers to set the wage and not the employee? Explain your answer.By bargaining for higher wages, unions will likely reduce the quantity of labor demanded by employers unless.
