Question:

Eco Help Please?

by Guest62564  |  earlier

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I have a few questions I cant find or figure out in the book. Thanks to anyone that can help

1) If a union negoitatates a wage above the market equilibrum, each firms

a) supply of labor is greater then its marginal resource cost

b)supply of labor is less then its marginal resouce cost

c)supply of labor is equal to its marginal resources cost

d)demand for labor is less then its marginal resource cost

e)deamdn for labor is graeter then its marginal resource cost

2) A fair distribution of income for the U.S. economy is

a)not an economic issue

b)defined by the Department of Agriculture

c)a postive economic question

d)a normative economic question

e)a state and local issue but not a national one

3) Compared to the US, the income distrubution in other major industrial nations tends to be

a) more concentrated

b)less concentrated

c)similar

d)impossible to calculate

e)not comparable because tax structures differ among countires

THANK YOU SO MUCH - 10 Points -

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1 ANSWERS


  1. 1> d lesss demabd than at it's this is a powerful restraint to firm's powers....

    2>a)not an economic issue rising income inequality in the US is more the result of changes in government policy that have cumulatively shifted the balance of power away from workers and toward the owners of capital.

    3>b) less concentrated , (and less persistent)than any other developed coutry in fact including majpr industrialised nations

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