If a Union Restricts the Supply of Labour, It ________

question 33

Multiple Choice

If a union restricts the supply of labour, it ________ the wage rate and ________ the level of employment.

• A) lowers; decreases
• B) raises; decreases
• C) raises; does not change
• D) lowers; increases
• E) raises; increases

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Definitions:

Unrealistically High

Describes expectations or objectives that are excessively beyond realistic reach or achievement.

Psychological Contract Breach

A perception that one's employer has failed to fulfill one or more obligations within the unwritten agreement of the psychological contract.

Recruiter Promises

Commitments or assurances given by recruiters to potential employees, often relating to job responsibilities, compensation, or career development opportunities.

Psychological Contract

An unwritten agreement that defines the mutual expectations, obligations, and benefits between an employer and an employee.