Labor Unions Are Composed of High-Skilled Workers, but Generally Support

question 20

Multiple Choice

Labor unions are composed of high-skilled workers, but generally support minimum wage laws that typically affect only low-skilled workers. Their support makes more sense by considering that low-skilled labor is a ______ for high-skilled labor, and minimum wages ______ the quantity demanded of low-skilled labor.

• A) complement; increase
• B) complement; decrease
• C) substitute; increase
• D) substitute; decrease

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Definitions:

Filing Date

The filing date refers to the specific day on which a document is officially submitted or recorded with a governmental or legal office.

Effective Date

The date on which an agreement, policy, or regulation becomes enforceable or active.

Securities Act Of 1933

A U.S. federal law enacted to ensure transparency and fairness in the issuance of securities, requiring registration and disclosure to protect investors.

Promissory Note

A written, legally binding agreement in which one party promises to pay a defined sum of money to another party under specified conditions.