Workers in Canada enjoy a high standard for living because     Unions in Canada keep the wage high     Canada has protected its industry from foreign competition     Canada has a high minimum wage     Workers in Canada are highly productive     Workers in Canada are highly paid irrespective of their productivity

Q: (Exhibit: The Minimum Wage)   If it is thought that wages for some workers are not "sufficient" and…

A: Minimum wage is the lowest wage that has to give for the labor. Generally, minimum wage is greater…

Q: According to the factor price equalization theorem a. Trade will result in a convergence of factor…

A: In the international market, there are various techniques and tools to examine the nature of the…

Q: If there are sticky wages, and the price level goes up the next period, then Select one: a.   wage…

A: In a market, when wages are sticky, it will jot adjust with the changes in market condition such…

Q: Compared to a competitive labor market, workers participating in an inclusive union will enjoy…

A: In a competitive labor market, equilibrium wage rate is determined by the intersection of demand and…

Q: Say the average increase in pay for non-union workers in 2011 is 2% across the U.S. If a workers'…

A: please find the answer below.

Q: Other things being equal, a labor union will find it harder to get a wage increase for its members…

A: Answer- Need to find- Other things being equal, a labor union will find it harder to get a wage…

Q: Globalization has enlarged the pool of labor force from which U.S. corporations can draw for their…

A: Globalization refers to the economic reform under which countries are allowed to make international…

Q: Which of the following is a possible explanation for the decline in union membership since the…

A: The labor union can be referred to as an organization or union labor that is engaged in collective…

Q: If a union wishes to maximize the number of union members employed, it will a) set a wage below…

A: Competitive wages are a pay which employer offers to employee on the basis of education, skills and…

Q: If q=9L²-L³ to produce the maximum output the firm would hire .....workers.

A: The maximum output is found by equating the first differentiation of the production function to…

Q: An industrial relations system refers to the rules, regulations, and institutions that govern the…

A: Aggregate demand plays an important role in the economy for tackling the business cycles. In…

Q: Raising the minimum wage will   Question 9 options:   No other answer is correct   Make all low…

A: The minimum wage is the least amount that employers compulsorily need to pay in order to receive…

Q: Which of the following events may increase labor demand? Check all that apply. A technological…

A: Labor demand refers to an economic principle derived from the output demand of a firm.

Q: Question 14 To determine the profit maximizing amount of labor for a firm to hire, the firm should…

A: Marginal product refers to change in total product by hiring one more unit of input in production.

Q: All of the following, expect one, are examples of how a trade union or professional association…

A: Labour union and trade associations restrict the supply of labour as they form several restrictions…

Q: The British-based organization--it presently lists more than 70 corporate members plus trade unions…

A: Macroeconomics is important for a countryand also microeconomics. Aggregate demand and aggregate…

Q: Minimum-wage laws a.        create unemployment.         b.       do not apply in states with…

A: Unemployment is the situation when people are employable and seeking it but cannot find a job.

Q: Explain the role of an industrial union.

A: A labor union or industrial union is an association of labors that talks with the employers about…

Q: Internal labor markets have higher wages and benefits. Reason(s) firms may voluntarily form internal…

A: Labor market refers to the demand for and supply of the human capital for the process of production…

Q: Henry Ford is famous for utilizing the assembly line to produce cars. He also paid is workers a wage…

A: Answer to the question is as follows:

Q: Which of the following is NOT a way for employees to become unionized? Select one: a. Nonunion…

A: The labor unions are the organization of the workers which represents the workers as a whole. They…

Q: Which of the following conditions is necessary for the law of one wage to hold? Group of answer…

A: The Law of One Wage is related to the Law of One Price, which stipulates that wages for equivalent…

Q: If a company encourages (diversity) in its workforce , then it a . offers employment opportunities…

A: The companies, nowadays, have become more aware and try to employ workers from different categories.…

Q: Workers Total Product Product price 0 0 4 1 16 4 2 26 4 3 34 4 4 40 4 5 44 4…

A: Marginal Revenue Product is the additional revenue generated from using one more unit of the input.…

Q: Which of the following best describes the managerial labor market? a) The managerial labor market…

A: The labor market alludes to the supply of and demand for worker, in which workers give the inventory…

Q: hich of the following is likely to increase the supply of labour? a decrease in fringe benefits…

A: Increase in the labour supply leads to cheaper availability of labor in the market. It reduces the…

Q: Discuss the role of Trade Unions. To what extend does the Participation of Labour Unions affect the…

A: A trade union, also known as a labor union, is a group of employers who have banded together to…

Q: Excess supply in terms of union labor means: Select the correct answer below: Firms will want to…

A: In the mentioned question we have been asked what will happen if in labor market there is excess…

Q: he activities of the state described in the passage are consistent with which of the following…

A: Economic policies are the policies introduced by the government in the form of action for the…

Q: One of these four answers could cause the demand curve for labor to shift to the right. Which one?…

A: In the labor market, labor is demanded by firms to get their contribution in production process and…

Q: Maverick Manufacturing creates dress slacks for men and women. Maverick’s decides to expand its…

A: According to the question, it is given that : Dress slacks for men and women are made by Maverick…

Q: Assuming perfect competition in the Labor Market, the following are likely effects coming from a…

A: Minimum wage is the wage rate set by government and wage cannot fall below this level.

Q: Merck is a multinational American company, headquartered in the US Steve is an American citizen who…

A: Multinational companies are those companies who operates or do businesses more than one nations .

Q: When hiring additional workers, a firm operating in a perfectly competitive labor market will have…

A: A perfectly competitive labor market is the one where the firms in the market hire as many…

Q: Craft unions have typically been most effective in raising wage rates by:

A: The unions that were formed in the Britain and in US in the mid-19th century with a purpose of…

Q: In the case of Disney & McDonald’s Linked to $0.06/Hour Sweatshop in Vietnam. Do you think culture…

A: Abuse of workers due to culture was a prevalent until few years ago. They are abused by exploitation…

Q: Maverick Manufacturing creates dress slacks for men and women. Maverick’s decides to expand its…

A: Maverick Technologies is a modern computerization, venture mix, functional counseling and supporting…

Q: Certain industries of the U.S. economy, such as farming and heavy equipment manufacturing, have…

A: Technology advancement helps in producing the good more efficient due to new available technology…

Q: Which of the following does not cause the labor demand curve to shift? Group of answer choices…

A: Equilibrium is achieved at the output level where Ls equals Ld.

Q: Distinguished labor standard from labor relations.

A: The term "labour standards" refers to the rules that govern how employees are handled.  The word…

Q: If labor supply is inelastic a. immigration will raise the wages of inexperienced natives and lower…

A: Immigration: - it means the permanent movement of the resident or citizens of a country to the other…

Q: Using your knowledge and understanding of supply and demand analysis to graph the following and…

A: Assume in the labor market, the equilibrium occurs where the demand curve for labor (D) intersects…

Q: The labor demand curve slopes downward because   a. firms wish to hire fewer workers as the wage…

A: The downward-sloping labor demand curve implies that there exists an inverse relationship between…

Q: Pay and equity concerns are often potential areas of disagreement between employers and trade unions…

A: The main issues of the employer are: Higher compensation expectations Employee benefit programs…

Q: Raising the minimum wage will   Question 5 options:   Make all employers better off   No other…

A: Unemployment: - unemployment is that portion of the labor force that is able to do work and looking…