Suppose That Furniture Factory Worker Are Unionized

question 347

Multiple Choice

Suppose that furniture factory worker are unionized. If these workers decide not to be unionized,

• A)the quantity of furniture factory workers demanded will rise. The supply of workers in other industries will also rise.
• B)the quantity of furniture factory workers demanded will rise. The supply of workers in other industries will fall.
• C)the quantity of furniture factory workers demanded will fall. The supply of workers in other industries will rise.
• D)the quantity of furniture factory workers demanded will fall. The supply of workers in other industries will also fall.

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Definitions:

Realized Gain

The profit earned from the sale of an asset, which has been converted from an unrealized gain into cash or an equivalent.

Available-For-Sale

A classification for securities that are not held to maturity or for trading purposes, with unrealized gains or losses reported in equity.

Carrying Value

The stated value of an asset on a company's balance sheet, minus accumulated depreciation or amortization.

Available-For-Sale

A classification for financial assets indicating they are not primarily held for trading purposes or expected to be sold in the short-term, allowing for changes in value to be recorded in other comprehensive income.