A Union Is Formed to Restrict Labour Supply in a Previously

question 89

Multiple Choice

A union is formed to restrict labour supply in a previously perfectly competitive labour market.If the union succeeds in raising the wage,

• A)employment will fall.
• B)employment will rise.
• C)employment will not change.
• D)the total wage bill will rise.
• E)the total wage bill will fall.

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Definitions:

Suicide

The act of intentionally causing one's own death, often as a result of mental illness such as depression or schizophrenia.

Nutraceutical

A food product or food ingredient that purports to provide health and medical benefits, including the prevention and treatment of disease.

Mild Depression

A less severe form of depression where individuals may experience persistent sadness, hopelessness, and lack of interest or pleasure in daily activities, but are still able to function.

L-tryptophan

An essential amino acid used by the body to help make proteins and certain brain-signaling chemicals, including serotonin.