Unions Have a Major Effect on Some Important Sectors of the Economy.Gains

question 2

Multiple Choice

Unions have a major effect on some important sectors of the economy.Gains made by unions in one industry often ________ other nonunionized sectors of the economy.

• A)alienate
• B)conflict with
• C)have no effect on
• D)spill over into
• E)neutralize gains in

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Definitions:

Total Utility

The complete satisfaction or pleasure a consumer derives from consuming a certain quantity of goods or services.

Indifference Curve

A graph showing different combinations of two goods between which a consumer is indifferent, representing equivalent levels of utility.

Bundles

Combinations of goods or services that are purchased together.

Indifference Curve

A graph showing different combinations of two goods that provide equal satisfaction and utility to the consumer.