Attempts: 8. Problems and Applications Q8 Consider an economy with two labor mar

Question

Attempts: 8. Problems and Applications Q8 Consider an economy with two labor markets: one for manufectunng workers and one for service workers. Which of the following will happen to the manufacturing labor Average: /2 Suppose initialily that nether is unionized market a manufacturing workers formed a union? Ched 61that apply The wage of manufacturing workers will fall The demand for manufacturing workers will remain unchanged The supply of manufactur ng workers w a noease. Some manufactunng workers will become unemplayed which of the following describes the effect of the changes in the manifactunng labor market on the market fer sernce workers, which is not unionized? Check all that apply The wage of service workers wil fal The supply of service workers will rise The demand for service workers wi falil There will be an increase in employment in the service sector O Type here to search

Explanation / Answer

1) false because wage of mfg worker will not fall

True- mfg worker demand will remain same

False - supply of mfg worker will remain same

False - unless wage doesnot increase there will be no excess unemployment.

2) the supply of service sector worker will increase

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