If a Union Succeeds in Shifting the Labour Supply Curve

question 75

Multiple Choice

If a union succeeds in shifting the labour supply curve to the left,it can achieve wages above the

• A)competitive level and all workers will gain.
• B)equilibrium level and an increase in employment.
• C)equilibrium level without affecting employment.
• D)competitive level but will reduce the level of employment.
• E)competitive level without a pool of unemployed workers seeking to work at the higher wage.

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Definitions:

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Compensation expense is the total amount of salary, wages, bonuses, and benefits that a company recognizes for its employees' services during a period.

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The total cost that a company recognizes for paying its employees, including wages, benefits, and bonuses.

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