Solve economic Consider an economy with two labor markets: one for manufacturing workers and one for service workers. Suppose initially that neither is unionized.Which of the following will happen to the manufacturing labor market if manufacturing workers formed a union? Check all that apply.O The wage of manufacturing workers will fall.O The demand for manufacturing workers will remain unchanged.O The supply of manufacturing workers will increase.O Some manufacturing workers will become unemployed.Which of the following describes the effect of the changes in the manufacturing labor market on the market for service workers, which isnot unionized? Check all that apply.O The wage of service workers will fall.O The supply of service workers will remain unchanged.O The demand for service workers will remain unchanged.O There will be an increase in employment in the service sector.

The labour market, applies to the production and availability of labour wherein the production is…

Consider an economy with two labor markets: one for manufacturing workers and one for service workers. Suppose initially that neither is unionized. Which of the following will happen to the manufacturing labor market if manufacturing workers formed a union? Check all that apply. The wage of manufacturing workers will fall. The demand for manufacturing workers will remain unchanged. The supply of manufacturing workers will increase. Some manufacturing workers will become unemployed. Which of the following describes the effect of the changes in the manufacturing labor market on the market for service workers, which is not unionized? Check all that apply. The wage of service workers will fall. The supply of service workers will remain unchanged. The demand for service workers will remain unchanged. There will be an increase in employment in the service sector.

Consider an economy with two labor markets: one for manufacturing workers and one for service workers. Suppose initially that neither is unionized. Which of the following will happen to the manufacturing labor market if manufacturing workers formed a union? Check all that apply. The wage of manufacturing workers will fall. The demand for manufacturing workers will remain unchanged. The supply of manufacturing workers will increase. Some manufacturing workers will become unemployed. Which of the following describes the effect of the changes in the manufacturing labor market on the market for service workers, which is not unionized? Check all that apply. The wage of service workers will fall. The supply of service workers will remain unchanged. The demand for service workers will remain unchanged. There will be an increase in employment in the service sector.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Which of the following is not an assumption of a competitive labor market? O numerous buyers and sellers O interchangeable workers accurate and widely available information workers preferable to machines
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