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Volgvan
2 years ago
10

The effects of unionization on wages in the sectors of the economy that are unionized causes the supply of labor in other sector

s of the economy to
Business
2 answers:
Margarita [4]2 years ago
8 0

Answer: Reduce.

Explanation: Unions are organized groups of people working together to improve their work lives through collective bargaining.

Workers who belong to a union generally enjoy a higher wage level than workers who do not belong.

This disparity in wage levels causes workers to join unions and leave their low wage paying jobs.

The effect of this is that the supply of labor in other sectors of the economy will dwindle, as the unions will always bargain for a higher wage level, and when the corporations fail to comply, there will be no release of labor.

Harman [31]2 years ago
3 0

Answer:

Theoretically, unionization should cause a decrease in labor supply, but lately things aren't working that way.

Explanation:

As I said, in theory unions are good for workers, so people should try to become union members and therefore the supply of labor in non-unionized jobs should decrease.

But lately, only public servants and teachers want to be unionized. United Auto Workers (UAW) who represents workers in car and auto parts manufacturers has not succeeded in getting workers in non American car factories to join them. Honda started manufacturing cars in America almost 40 years ago, BMW's largest plant is in America, and in total foreign car manufacturers employ more than 100,000 Americans, and none are unionized.

Union membership in America is declining, around 6% of employees working for private companies are unionized, while only 10.5% of total workers including public employees are unionized.

Apparently what is theoretically right is not right in the real world. Private workers are running away from unions, so apparently they are not such a good idea after all.

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During 2019, Dowdy, a C corporation, realized a long-term capital gain of $8,000 from the sale of a tract of land, a short-term
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Answer:

The answer to the following question is $4000.

Explanation:

Dowdy which is a C corporation, has a total of $14,000 in capital gain, in which $8000 comes from sale of tract land and rest of $6000 comes from sale of stock. And the company also has a capital loss of $18,000. So here the company is having a long term capital loss of $4000 ( $18,000 - $14,000 ), and this C corporation can deduct this long term capital loss from their taxable income ( the year in which loss was incurred ) . If in a situation, loss is not deducted from this year , then it can be carried 3 years or 2 years or even 1 years back and if there is capital gain , it can be deducted from it.

8 0
3 years ago
Holding other factors constant, if bad weather destroys the annual crop for carrots, it causes the supply curve for carrots to
Iteru [2.4K]

Options:

<em>a. Shift to the left, causing the prices of carrots to rise</em>

<em>b. Shift to the left, causing the prices of carrots to fall</em>

<em>c. Stay the same</em>

<em>d. The supply curve does not shift. Only the demand curve shifts.</em>

<u>Answer:</u>

<u>a. Shift to the left, causing the prices of carrots to rise</u>

<u>Explanation:</u>

Indeed, going by the law of supply and holding all other factors constant, we would expect the supply curve to shift to the left, which implies that there would be an increase in the price of carrots.

What this means is that because there are now fewer carrots in the market as a result of the effects of the bad weather, there would be scarcity and so sellers would increase prices.

3 0
3 years ago
In 1919, henry ford was sued because:
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The appropriate response is A. Henry Ford also then sued the Chicago Tribune for criticizing the grounds that it called him an uninformed revolutionary. In court, the guard lawyer has chosen to show Ford's obliviousness and absence of patriotism by posting essential American history inquiries. The vehicle head honcho reliably missed these inquiries, and court transcripts of his nonsense wound up plainly well known perusing at the time.
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3 years ago
A lawyer believes that the probability is .3 that she can win a discrimination suit. if she wins the case she will make $40,000,
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Her expected gain is $7,000 based on the information shown on the question above. This problem can be solved by using the expected value formula which stated as EV = W*Pw-L*Pw where EV is the expected value, W is the win value, Pw is the probability of winning, L is the lost value and Pl is the probability of losing<span>. Calculation: 7,000 = (40,000-5,000)*0.3 - 5,000*(1-0.3)</span>
4 0
2 years ago
Read 2 more answers
A firm has earnings before interest and taxes of $27,130, net income of $16,220, and taxes of $5,450 for the year. While the fir
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Answer:

The answer is -$4,940

Explanation:

Net income = Profit before interest and tax minus interest minus taxes

We rewrite the formula to get interest:

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7 0
3 years ago
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