The Introduction of a Union into an Industry

question 365

Multiple Choice

The introduction of a union into an industry

• A)creates a surplus of labor and so raises unemployment.
• B)creates a surplus of labor and so reduces unemployment.
• C)creates a shortage of labor and so raises unemployment.
• D)creates a shortage of labor and so reduces unemployment.

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Definitions:

Torts

Legal wrongs committed against a person or property, excluding breach of contract.

Scienter

Knowledge of wrongdoing or fraudulent intent in the commission of an act, especially a key element in certain legal proceedings.

Fraud

is the intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right.

Misrepresentation

The act of giving false or misleading statements that induce someone into a contract, which can be grounds for voiding the agreement.