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Good day, can someone help me in answering the following questions and if it's possible can you also add an explanation so I can better

Good day, can someone help me in answering the following questions and if it's possible can you also add an explanation so I can better understand your answer to the following question. Thank you very much.

Question 1

When a workers unions bargain successfully with their employers,

Select the correct response

a. both the quantity of labor supplied and the quantity of labor demanded decrease

b. none of the above

c. both the quantity of labor supplied and the quantity of labor demanded increase

d. the quantity of labor supplied increases and the quantity of labor demanded decreases

e. the quantity of labor demanded increases and the quantity of labor supplied increases decreases

Question 2

Cyrus has just finished senior high school and started looking for his final job. Unfortunately, he can't find a job. Other things the same, the unemployment rate

Select the correct response

a. is unaffected and the labor-force participation increases

b. and the labor-force participation rate are both unaffected

c. increases and the labor-force participation rate is unaffected

d. and the labor-force participation rate both increase.

Question 3

The creation of workers union into an industry

Select the correct response

a. lowers wages and increases employment in that industry

b. decreases wages and employment in that industry

c. increases wages and employment in that industry

d. none of the above

e. increases wages and reduces employment in that industry

Question 4

Jyle is unemployed but claims to be trying hard to find work but really is not trying hard to find work but really is not trying hard to find one. Jyle then

Select the correct response

a. is counted as out of the labor force but should be counted as unemployed

b. is correctly counted as unemployed

c. is correctly counted as out of the labor force

d. is counted as unemployed but should be counted as out of the labor force

Question 5

Can you please check my answer for Question 5.

image text in transcribed
Fill in the blanks: Table 2 shows Products X and Y In country A's typlcal basket of consumer goods: Year 1 Year 2: Table 2. Year 3 Base year 12 units ofX Price: $2.00 Price: $1.50 Price: $2.10 50 units on Price: $1.00 Price: $1.00 Price: $1.20 Total 5 Value of the basket of consumer goods. Ination rate compared to year I The inflation rate in Year 3 compared to Year '1 is 20.185%

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