Microeconomics
Microeconomics
What view is a labor union likely to hold on each of the following issues?
- a. A quota on imported products
- b. Free trade
- c. A decrease in the minimum wage
(a)
Identify the view of labor unions when there is a quota on imported products.
A quota on the imported products will cause to reduce the quantity of imports. Therefore, the labor unions will ...
(b)
Identify the view of labor unions when there is a free trade in the economy.
(c)
Identify the view of labor unions when there is a decrease in the minimum wage.
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