Demand a wage that is equal to the equilibrium wage
1. Workers who demand a wage that is equal to the equilibrium wage:
a. Will find it difficult to secure a job.
b. Will easily secure a job.
c. Must belong to a union in order to secure a job.
d. Will never benefit from joining a union
2. Workers with a particular skill are represented by:
a. Craft unions.
b. Skill unions.
c. Market unions.
d. Industrial unions
3. A regulated natural monopoly is most likely to spend more money on employee healthcare under which of the following types of regulation?
a. Price regulation.
b. Profit regulation.
c. Administrative regulation.
d. All of the above.
