Suppose That College Professors at Public Universities Are Unionized

question 17

Multiple Choice

Suppose that college professors at public universities are unionized.If public university college professors change their minds and vote not to be unionized,the quantity of public university college professors demanded will

• A)rise.The supply of workers in other similar professions will also rise.
• B)rise.The supply of workers in other similar professions will fall.
• C)fall.The supply of workers in other similar professions will rise.
• D)fall.The supply of workers in other similar professions will also fall.

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Definitions:

Net Loss

The amount by which a company's expenses exceed its revenue over a specific period, indicating negative profitability.

Supplies on Hand

The value of supplies that have not yet been used by the company, classified as a current asset on the balance sheet.

Depreciation Expense

Depreciation expense is the allocated amount of the cost of an asset that is charged as an expense over its useful life.

Net Income

The total earnings of a company after deducting all expenses and taxes from total revenue.