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:

Corporate Social Responsibility

A business approach that focuses on sustainable development by delivering economic, social, and environmental benefits for all stakeholders.

Restrictive Government Regulation

Laws and rules imposed by authorities that limit or control certain activities or behavior within businesses.

Public Image

The perception or reputation of an organization or individual among the public or specific audiences.

Impaired Career

describes a professional trajectory that experiences significant disruptions or setbacks, affecting an individual's career growth.