1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
aliya0001 [1]
3 years ago
11

Though unions can negotiate pay increases for their members, their actions can have unintended consequences for workers. Identif

y all such possible ones from the list below. It is possible that there is more than one correct answer.
(a) Firms could possibly respond to unions demands for higher wages by hiring fewer workers.
(b) Firms could possibly respond to unions demands for higher wages by substituting capital for labor.
(c) Unions always drive down firms profits.
(d) Higher rates of union membership always diminish aggregate levels of economic output.
Business
1 answer:
lakkis [162]3 years ago
8 0

Answer:

(a) Firms could possibly respond to unions demands for higher wages by hiring fewer workers.

(b) Firms could possibly respond to unions demands for higher wages by substituting capital for labor.

Explanation:

Unions are formed to work toward better working conditions and welfare of staff.

Workers act collectively to negotiate better terms of employment with the employers.

However when unions try to negotiate for increased pay the employer may take different actions that will bad for the employee.

The employer may decide to actually pay the higher wage but hire fewer workers. This is usually the case when higher wages for many employees will result in loss for the employer.

Secondly the employer may substitute capital for labour. For example investing more in use of machines and reducing labour.

From the employer's viewpoint this will result in lower labour cost due to higher wage payment

You might be interested in
What is break even point?
maks197457 [2]

Answer:

The break-even point in economics, business—and specifically cost accounting—is the point at which total cost and total revenue are equal, i.e. "even". There is no net loss or gain, and one has "broken even", though opportunity costs have been paid and capital has received the risk-adjusted, expected return.

Explanation:

6 0
3 years ago
A person who produces work in the vernacular is one who
balu736 [363]
Writes in their own language as used colloquially.
4 0
3 years ago
Wisdom Toys has budgeted sales and production over the next quarter as follows: Unit Sales Production September 43,000 44,400 Oc
baherus [9]

Answer:

$12,800

Explanation:

This can be calculated as follows:

November sales in unit = 64,000

Since Wisdom Toys requires that 20% of the next month’s sales in units are on hand at the end of each month, we have:

Number of video games in inventory at October 31 = November sales in unit * 20% = 64,000 * 20% = 12,800

Therefore, 12,800 video games in inventory at October 31.

7 0
3 years ago
Increasing ________ involves improving an organization's ability to respond to customers, stockholders, governments, employees,
lapo4ka [179]

Answer:

Increasing Returns on Investment helps business increase its capacity to to respond to customers, stockholders, governments, employees, and other stakeholders, which results in better-quality products, higher financial returns, and high quality of work life.

3 0
3 years ago
1.
ElenaW [278]

Every Credit user is entitled to a free credit report every 12 months (1 years) from either of Equifax, Experian, or TransUnion.

<h3>What are credit reporting agency?</h3>

These are agency that maintains only an historical credit information on individuals and businesses.

The maintained historical credit information helps in preparation of the credit report and score of all individuals and businesses in United states..

In U.S., the three main credit reporting bureaus includes the Equifax, Experian and TransUnion.

Read more about credit reporting agency

<em>brainly.com/question/9913263</em>

7 0
2 years ago
Other questions:
  • According to John Kotter, which of the following actions will adversely influence refreezing efforts?A) the absence of a visionB
    9·1 answer
  • A 3-year project is expected to produce a cash flow of $82,400 in the first year and $148,600 in the second year. The project ha
    7·1 answer
  • Which of the following terms best describes the cumulative value of net income or loss not taken out of the business?
    10·1 answer
  • Metro Inc. has two production departments (Lamination and Molding) and three service departments (Human Resources, Technology Su
    14·1 answer
  • North Star prepared the following unadjusted trial balance at the end of its second year of operations ending December 31. Accou
    7·1 answer
  • If a firm has a cash cycle of 30 days and an operating cycle of 64 days, what is its average payment period
    9·1 answer
  • You have $2,500 to deposit into a savings account. The five banks in your area offer the following rates. In which bank should y
    10·1 answer
  • A student has inherited $50,000. If it is placed in asavings account that earns 3% interest, how much isin the account in 30 yea
    14·1 answer
  • The price of gold is currently $1,200 per ounce. The forward price for delivery in one year is $1,400. An arbitrageur can borrow
    12·1 answer
  • Help please <br> ////////////
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!