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In a modified union shop, workers a. must join a union soon after they are hired and remain members for the duration of their jobs. b. do not have to belong to a union to be hired and cannot be made
to join one to keep their jobs. c. are not required to join a union but must pay union dues. d. none of the above
The answer is D) none of the above
Expert answered|innersource|Points 7515|
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Asked 11/5/2013 3:30:22 PM
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What happens when wages are set above the equilibrium level by law? a. Firms tend to try to break the law and hire people at the equilibrium level. b. Firms employ more workers than they would at the equilibrium wage. c. Firms employ fewer workers than they would at the equilibrium wage. d. Firms hire more workers but for fewer hours than they would at the equilibrium wage
Question
Updated 89 days ago|4/29/2015 12:02:24 PM
1 Answer/Comment
When wages are set above the equilibrium level by law: firms employ fewer workers than they would at the equilibrium wage.


Added 89 days ago|4/29/2015 12:02:24 PM
This answer has been added to the Weegy Knowledgebase
Early capitalist economists argued that supply-and-demand pricing worked better without any _______. a. copyrights. c. regulations. b. patents. d. cooperatives.
Question
Updated 316 days ago|9/15/2014 8:01:22 AM
1 Answer/Comment
Early capitalist economists argued that supply-and-demand pricing worked better without any REGULATIONS.
Added 316 days ago|9/15/2014 8:01:19 AM
This answer has been confirmed as correct, not copied, and helpful.
Factors that cause a producer s average cost per unit to fall while output rises are known as _____. a. franchise scale b. price discrimination c. economics of scale d. market power scale
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Updated 120 days ago|3/30/2015 4:05:47 AM
1 Answer/Comment
Factors that cause a producer’s average cost per unit to fall while output rises are known as: ECONOMICS OF SCALE.
Added 120 days ago|3/30/2015 4:05:47 AM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by selymi [3/30/2015 4:08:02 AM]
Which of the following is true about a merger? a. It is an example of deregulation. c. It is a combination of two or more companies into a single firm. b. It violates the Sherman Anti-Trust Act of 1890. d. It always leads to economic growth.
Weegy: c. It is a combination of two or more companies into a single firm. A merger or acquisition is a combination of two companies where one corporation is completely absorbed by another corporation. [ The less important company loses its identity and becomes part of the more important corporation, which retains its identity. A merger extinguishes the merged corporation, and the surviving corporation assumes all the rights, privileges, and liabilities of the merged corporation. A merger is not the same as a consolidation, in which two corporations lose their separate identities and unite to form a completely new corporation. Mergers appear in three forms, based on the competitive relationships between the merging parties. In a horizontal merger, one firm acquires another firm that produces and sells an identical or similar product in the same geographic area and thereby eliminates competition between the two firms. In a vertical merger, one firm acquires either a customer or a supplier. Conglomerate mergers encompass all other acquisitions, including pure conglomerate transactions where the merging parties have no evident relationship (e.g., when a shoe producer buys an appliance manufacturer), geographic extension mergers, where the buyer makes the same product as the target firm but does so in a different geographic market (e.g., when a baker in Chicago buys a bakery in Miami), and product-extension mergers, where a firm that produces one product buys a firm that makes a different product that requires the application of similar manufacturing or marketing techniques (e.g., when a producer of household detergents buys a producer of liquid bleach). ] User: If the government deregulates the airline industry then: a. less competition will be expected c. a perfectly competitive market will exist b. producers will have more control over the price charged for their product d. none of the above Weegy: If the government deregulates the airline industry ... (More)
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Expert Answered
Asked 11/1/2013 11:17:26 AM
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Which of the following products is an example of monopolistic competition? a. tap water c. books b. oranges d. bus tickets
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Updated 23 days ago|7/4/2015 3:49:01 PM
1 Answer/Comment
Books is an example of monopolistic competition.

Added 23 days ago|7/4/2015 3:49:01 PM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by selymi [7/4/2015 11:43:16 PM]
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