A Union Will Be More Successful at Forming When the Firm's

question 24

Multiple Choice

A union will be more successful at forming when the firm's labor demand curve is inelastic because under these conditions the union organizers can "promise"

• A) low union dues.
• B) small wage losses but large employment gains.
• C) small wage gains and minimal employment losses.
• D) large wage gains and large employment gains.
• E) large wage gains with minimal employment losses.

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Definitions:

Required Rate of Return

The minimum yearly return rate that convinces individuals or firms to put their investment into a certain security or project.

Canadian Pacific Railroad

A historic railway company in Canada, established in the 19th century, playing a significant role in the development of the nation's commerce and industry.

Yield

The income return on an investment, such as the interest or dividends received, often expressed as a percentage of the investment's cost or current value.

Principle Due

The portion of a loan or mortgage payment that reduces the original amount borrowed; it does not include interest or additional fees.