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39 FIGURE 14- 6

question 30

Multiple Choice

39 FIGURE 14- 6 -Refer to Figure 14- 6. If a labour union negotiates the wage to W2 in an otherwise competitive labour market, A) the supply of labour will stay the same. B) employers will hire L1 labour. C) equilibrium will occur at W1 and L2. D) the demand for labour will shift to D2. E) employers will hire L2 labour. 39 39 FIGURE 14- 6 -Refer to Figure 14- 6. If a labour union negotiates the wage to W2 in an otherwise competitive labour market, A) the supply of labour will stay the same. B) employers will hire L1 labour. C) equilibrium will occur at W1 and L2. D) the demand for labour will shift to D2. E) employers will hire L2 labour. FIGURE 14- 6
-Refer to Figure 14- 6. If a labour union negotiates the wage to W2 in an otherwise competitive labour market,

Definitions:

Job Morale

The overall sentiment, outlook, and satisfaction of employees in their workplace environment.

Intrinsic Reasons

Motivations that come from within an individual, such as personal satisfaction, joy, or interest, rather than external rewards.

Esteem Needs

A level in Maslow's hierarchy of needs that encompasses self-esteem, respect from others, status, and recognition, influencing motivation and psychological wellbeing.

Recognition

The acknowledgment or appreciation of someone's efforts, achievements, or qualities.