Consider a Wage-Setting Union in an Otherwise Competitive Labour Market

question 17

Multiple Choice

Consider a wage-setting union in an otherwise competitive labour market.If the union sets a wage above the competitive level,the effect will be

• A)to raise wages for all workers who wish to work in the industry.
• B)to increase the amount of employment in the industry.
• C)to create a group of workers who would like to obtain jobs in the industry but cannot do so.
• D)a level of employment which is the same as that at the competitive equilibrium wage.
• E)to cause the labour supply curve to shift to the right.

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Definitions:

Male Urethra

The tube that conveys urine from the bladder to the outside of the male body and also serves as a passage for semen during ejaculation.

Primary Spermatocyte

A diploid cell in the testes that undergoes the first division of meiosis to produce two secondary spermatocytes.

Meiotic Division

A type of cell division that reduces the chromosome number by half, resulting in the production of gametes or spores.

Spermatic Cord

This is a bundle of fibers and tissues that run from the abdomen to the testes, containing blood vessels, nerves, and the vas deferens.