To Increase the Demand for Union Labor, a Labor Union

question 105

Multiple Choice

To increase the demand for union labor, a labor union might attempt to

• A)increase the demand for the products produced by union labor.
• B)decrease substitute factor prices.
• C)decrease the marginal physical product productivity of union labor.
• D)a and b
• E)all of the above

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Definitions:

Bait-and-Switch

A fraudulent marketing tactic where a product is advertised at a low price to draw customers, who are then pressured into buying a more expensive item.

Deceptive Advertising

Marketing practices that mislead or deceive consumers about the nature, characteristics, or benefits of a product or service.

Federal Trade Commission

A U.S. federal agency tasked with protecting consumers and promoting competition by preventing anticompetitive, deceptive, and unfair business practices.

Telemarketing Sales Rule

A regulation established to protect consumers from deceptive, abusive, or unfair telemarketing practices, including requirements on disclosures and consent.