: | w.. I [1 L2 '5 Labour Refer to Figure 112. When unions successfully increase the wages of their members, what happens to the supply curve and workers in the union sector? 0 The curve shifts from SI to $2 and workers from L2 to L1 lose their jobs. 0 The curve shifts from $2 to SI and workers from L2 to L1 lose their jobs 0 The curve shifts from SI to $2 and workers from L3 to L1 lose their jobs. 0 The curve shifts from $2 to SI and workers from L3 to L1 lose their jobs. Question 2 (1 point) Listen Which of the following best describes a progressive tax system? Q It redistributes income from lower income levels to higher income levels. 0 It imposes higher marginal tax rates on higher income. 0 It redistributes income to promote economic growth. 0 It is designed to replace a system of sales taxes. A. Market for Computer 8. Market for K-12 Teachers Software Programmers flue ' tofCom ute Qua ' ofK-'lz'l'eqches MWPergmi-s nhfy r Refer to Figure 11-1. If the government were to impose a wage rate of W A on the computer software programming industry, what would the result in the industry be? 0 The imposed wage would have NO effect on the market for computer programmers. O A quantity of Q4 software programmers would he demanded in the marketplace. O A shortage of software programmers would result. 0 There would be pressure from market forces for the wage to fall. Question 4 (1 point) Listen What term refers to the process of negotiations between representatives of employees and unions? 0 industry bargaining O collective bargaining O standardofliving negotiations O worker negotiations Question 5 (1 point) Listen Suppose that labour is a protmaximizing rm's only variable input in its production process. How long will this rm continue to employ additional workers? 0 as long as the marginal revenue product of labour > the marginal resource cost 0 as long as the marginal product of labour = 0 O as long as the marginal product of labour > 0 O as long as the marginal revenue product of labour