If a Firm in a Competitive Labour Market Finds That

question 57

Multiple Choice

If a firm in a competitive labour market finds that, at its current level of employment, VMP > W, it will

• A) be minimising profits.
• B) increase the amount of labour it hires.
• C) be maximising profits.
• D) decrease the amount of labour it hires.

Recognize radical labor tactics and their effectiveness in the labor movement.

Understand the historical development and impact of the open shop movement in the early 1900s.

Analyze the differences between craft and industrial unions and their respective challenges and contributions to the labor movement.

Comprehend the role and significance of the Industrial Workers of the World (IWW) and its criticism of the American Federation of Labor (AFL).