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When unions or legislation makes it necessary for a firm to pay higher wages,
Sublight2097
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When unions or legislation makes it necessary for a firm to pay higher wages,
When unions or legislation makes it necessary for a firm to pay higher wages,
A) efficiency declines.
B) income is transferred from wealthy people to poor people.
C) the marginal value of retained employees falls.
D) the marginal value of retained employees rises.
E) total purchasing power increases.
Textbook
The Economic Way of Thinking
Edition:
13
th
Authors:
Heyne, Boettke, Prychitko
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Sublight2097
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Seriously, you've been tremendously helpful! Thank you.
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Smoooth
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My pleasure
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Casey A.
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Thx
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