Suppose That Wages Paid to Both Factory Workers and Construction

question 72

Multiple Choice

Suppose that wages paid to both factory workers and construction workers in a perfectly competitive factor market is $15 per hour.If the market for factory workers becomes unionized, you would expect:

• A) an increase in the supply of factory workers.
• B) an increase in the wage rate for factory workers.
• C) an increase in the wage rate for construction workers.
• D) no change in the wage rate for either factory workers or construction workers.

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Definitions:

Modeled Aggression

Aggressive behavior learned through observing others and replicating their actions.

Bandura

Refers to Albert Bandura, a psychologist known for his work on social learning theory, emphasizing the role of observational learning, imitation, and modeling.

Aggressive Behaviors

Actions meant to harm or intimidate others, motivated by various factors such as competition, fear, or social dominance.

Networking Resource

An asset that provides value through the creation and enhancement of professional connections and relationships.