Labor unions can increase wages through:
collective bargaining
Reducing supply of labor
and increasing demand for labor
In collective bargaining, the workers can send their representatives to negotiate new working terms with employers (including work hours and increasing wages).
Reducing supply of labor would make the existing laborers become more lucrative, rare and valued. This would resulted in an increase of workers' wages.,
Increasing demand for labor can be done by improving the members' skills through courses or seminar. By having additional skills, the members can be eligible to harder and more rare job opportunities. This usually correlate with higher wages
Explanation:
Why is the free enterprise system subject to business cycles? Because individuals and businesses acting in their own self-interest make economic decisions about factors such as prices, production, and consumption. ... It fixes prices for products.
trygve lie who was the first secretary general of UN
Answer:
I can cinda relate to all of them but not the last one
Explanation:
I understand what you mean it's confusing and frustrating some time's
Answer:
Yes, it would import wool
Explanation:
Autarka will import wool from the neighboring country because the country has a comparative advantage in the production of wool and hence wool from the country will be cheaper than what is obtainable in Autarka, Autarka should concentrate in the production of a good they have comparative advantage over the neighboring country in producing and export such good to the neighboring country and import wool.
