Which of the Following Is the Least Likely to Be

question 62

Multiple Choice

Which of the following is the least likely to be affected by the macroeconomic environment:

• A) the demands made by unions
• B) the elasticity of demand for goods and services
• C) the demands made by employers
• D) the real wages of employees
• E) the bargaining power of the union

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Definitions:

Revocation Of Wills

The legal process by which a testator cancels or invalidates their will or a portion thereof.

Physical Destruction

Physical destruction refers to the deliberate dismantling or ruining of objects, infrastructure, or property through various means like demolition or natural disasters.

Operation Of Law

A legal term that indicates a transfer or alteration of rights or obligations occurs automatically due to predetermined legal rules, rather than actions by the party involved.

Constructive Trustee

A person appointed by a court to hold and manage assets for the benefit of another, typically due to wrongful possession or acquisition of those assets.