Featherbedding Allows Unions to Increase Wages By

question 93

Multiple Choice

Featherbedding allows unions to increase wages by:

• A) limiting the supply of labor.
• B) increasing firms' demand for labor.
• C) forcing firms to accept higher-than-equilibrium wages.
• D) reducing labor share of payroll taxes.

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Definitions:

Economic Development

Economic Development refers to the process by which a region improves the well-being of its citizens through economic growth, redistribution of wealth, and improvements in quality of life.

Birth Rate

The number of live births per thousand of population per year.

Death Rate

The number of deaths in a particular population, scaled to the size of that population, per unit of time.

Population Regulation

The mechanisms or processes by which populations maintain their size and composition through factors like birth rates, death rates, immigration, and emigration.