Answer:
Explanation:
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1) The percentage of the labor force that belongs to a union is known as the UNIONIZED PERCENTAGE RATIO.
2) The equilibrium wage rate is determined by the point of intersection of labor market supply and labor market demand. Equilibrium wage is the wage where the company agrees to pay and the worker agrees as the value of his work.
3) The effect of union exclusion of nonunion workers is to lower the wages of nonunion workers.
4) A market with one buyer and one seller is a bilateral monopoly. Monopoly is a market with only one seller. Monopsony is a market with only one buyer.
The correct answer (in Florida, could be different in other places) is 200 feet.
The correct answer is 2 and 5.
(i) Government refuses to pass budget.
(ii) Government manipulates interest rates.
Another name for business cycle is economic cycle. The upward and downward movement which is of gross domestic product.
We measure business cycle by way of considering growth rate of real gross which is of domestic product.
