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Labor unions face many challenges-including changing technology, foreign competition, and declining membership. But one union occupation thrives-dockworkers. The 100,000 members of the two longshoremen unions handle nearly every item or shipping container that enters or leaves any U.S. port. With salaries averaging more than $120,000 a year, longshoremen are the highest-paid blue-collar workers in the nation, if not the world. Dock foremen average nearly $200,000 a year-more than most lawyers and physicians. At the South Carolina port of Charleston, for example, union pay is triple that of auto mechanics and truck drivers and is four times that of firefighters. The supply of applicants for dock jobs is great. When the port of Los Angeles needed 3,000 more union workers, over 300,000 applied, many of them college graduates (jobs were awarded by lottery). Why? Be sure to explain both the general situation faced by most unions, and the special circumstances of dock workers
Calculate the value of the Intraindustry Trade
China and Japan can manufacture calculators and noodles using land and capital in a competitive market. To make one calculator 2 units of capital and 1 unit of land are required, while 1 lb of noodle production needs 1 unit of capital and 2 units of ..
Questions based on International Business
The given matrix shows the payoffs for an advertising game between Coke and Pepsi. The companies can choose to advertise or to not advertise.
Evaluate alternative propositions for economic choice by one or more individuals, firms, organizations, or governments applying one or more of the economic theories provided in the course.
Assume GM is planning purchasing a plant in Hungary. All sales will be to Hungarian customers and denominated in forints. The projected returns and investments are as follows:
In May 1996, two Clemson University economists came out with a report that discussed that through removing legal restraints on competition between electricity manufactures,
As the French franc appreciates in value relative to the United States dollar, what happens to the price of United States goods in France? What happens to the price of French goods in the United States?
Assume Fiat recently entered into an Agreement and Plan of Merger with Case for $4.3 billion. Prior to the merger, market for four wheel drive tractors consisted of 5-company's.
Can operate at the upper limit of your competence and can critically analyze and question claims made about the design and deployments of new communication services
Suppose if you were President of the United States and you were making decisions on trading, would you rather have a comparative or absolute advantage in trading?
Imagine you are a manager at the DaimlerChrysler. Daimler Chrysler has lost money on Smart car since 1st model rolled off the assembly line in 1998.
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