Questions from General Economics


Q: What is the principle strategy of an inclusive (industrial) union

What is the principle strategy of an inclusive (industrial) union in order to increase wages of its members?

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Q: For each of the following determine the impact on the demand or

For each of the following determine the impact on the demand or the supply of labor and the effect on the equilibrium wage and quantity of labor employed. a. An increase in the price of capital. b. A...

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Q: Some people have argued: "Any gains made by unions in

Some people have argued: "Any gains made by unions in the form of higher wages will create lower wages for non-unionized workers." Leaving side whether this is actually the case or not, what is the ec...

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Q: Some people have argued that the American workers' movement would have been

Some people have argued that the American workers' movement would have been more successful in achieving its goals if it would have been more organized across labor markets; if it would have adopted a...

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Q: How are price controls related to anti-poverty programs?

How are price controls related to anti-poverty programs?

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Q: Which of the components of GDP must increase if we are to

Which of the components of GDP must increase if we are to experience greater rates of economic growth?

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Q: If the illegal drug trade was legalized what would happen to GDP

If the illegal drug trade was legalized what would happen to GDP?

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Q: What would happen to GDP if a significant number of house-

What would happen to GDP if a significant number of house-spouses who were previously staying home to care for their children began taking jobs and placing their children in day-care? Would the nation...

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Q: Consider this statement: “Total output starts falling when diminishing returns

Consider this statement: “Total output starts falling when diminishing returns occur.” Do you agree or disagree? Explain.

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Q: How could nominal GDP increase but real GDP remain the same?

How could nominal GDP increase but real GDP remain the same?

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