15 points

george works in a factory and is a member of the labor union. he thinks his wages are low for the work that he does, so he tells the union representative that his employer should increase his wages. the representative asks the other workers if they feel the same, and they all agree. the following week, the union representative met with the factory owner regarding an increase in wages, and the employer agreed to it. what strategy did the union use to get the owner to agree to increase wages?

a) individual bargaining
b) threaten to go on a strike
c) collective bargaining
d) threaten to quit their jobs
e) filing a petition to the government

Which of the following statements about brand names is true? brand names give the seller an incentive to provide consistently high-quality products and services in order to protect the reputation of the brand. brand names are always economically wasteful since they dupe consumers into buying more expensive goods and services that are no different from generic versions. it is always rational to prefer brand names over generic substitutes. read the following example and determine whether it illustrates a common critique or defense of advertising. musashi sees a commercial for a brand x clothing company that depicts the wearers of the clothes out having a good time with friends. although he doesn't particularly need new clothes, the commercial prompts him to buy a brand x t-shirt.

The questions of economics address which of the following ? check all that apply

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