Suppose There Is a Competitive Market for Retail Workers at a Large

question 78

Multiple Choice

Suppose there is a competitive market for retail workers at a large shopping mall that is large enough to constitute its own labour market.The labour demand curve is QD = 1000 - 20(w) .The labour supply curve is QS = 400 + 40(w) .Suppose that a union now successfully organizes the workers at this mall and obtains a wage rate of $11 (but does not affect the demand curve) .One result is

• A)an increase in employment of 20 workers.
• B)a decrease in employment of 20 workers.
• C)a decrease in employment of 40 workers.
• D)an increase in employment of 40 workers.
• E)a decrease in employment of 60 workers.

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Definitions:

Technical Training

Education and training focused on acquiring specific skills and knowledge related to a particular field or technology.

Superordinate Goals

Objectives that require the cooperation of two or more individuals or groups to achieve, which can reduce conflict and promote unity.

Cross-functional Teams

Teams composed of members from different functional areas within an organization, working together towards a common goal.

Cross-functional Teams

Groups composed of members from different departments or areas of expertise working together toward a common goal.