ECO 561 Final Exam: ECO 561 - If a firm in a purely competitive industry

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7) Construction workers frequently
sponsor political lobbying in support
of greater public spending on
highways and public buildings. One
reason they do this is to
A. restrict the supply of construction
workers
B. increase the elasticity of demand for
construction workers
C. increase the demand for construction
workers
D. increase the price of substitute inputs
8) Paying an above-equilibrium
wage rate might reduce unit
labour costs by
A. permitting the firm to attract
lower-quality labour
B. increasing the cost to workers of
being fired for shirking
C. increasing voluntary worker
turnover
D. increasing the supply of labour
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