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1. Which of the following describes the level of union membership in Canada? A) Roughly 25 percent of the labour force is unionized, with about

1. Which of the following describes the level of union membership in Canada?

A) Roughly 25 percent of the labour force is unionized, with about 75 percent of public sector employees in unions.

B) Roughly 75 percent of the labour force is unionized, with about 25 percent of public sector employees in unions.

C) Roughly 75 percent of the labour force is unionized, with about 25 percent of workers in agriculture unionized.

D) Roughly 25 percent of the labour force is unionized, with about 75 percent of workers in agriculture unionized.

2. Given that the market wage rate is $50 and both the labor and the goods market are perfectly competitive, a

profitmaximizing firm should hire an additional worker if ________.

A) the value of the marginal product of the worker is at least $50

B) the value of the marginal product of the worker is less than $50

C) the marginal product of the worker is 50 units

D) the marginal product of the worker is less than 50 units

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