Question 4. (30 points) a) Consider an economy with two sectors, automotive industry and aerospace industry, and two labor markets one for each type of workers. Suppose that the economy is operating at full employment and none of the markets is unionized. Assume that both sectors have the same equilibrium wage rate, WA. Draw separate Labor Market diagrams for each type of workers. b) If automotive workers formed a union, what impact on the wages and employment in the automotive industry would you predict? Show it on your Labor Market graph you drew for part (a). c) How would the unionization of automotive workers in (b) affect the Labor Market for aerospace industry workers? Illustrate your answer on the graph you drew for part (a). (1) Had the this economy consisted of healthcare and aerospace industry instead of automotive industry and aerospace industry and had healthcare workers unionized, how would your answer to part (c) change, if any