In an Analytical Sense, Unions Can Be Thought of as

question 73

Multiple Choice

In an analytical sense, unions can be thought of as

• A) setters of minimum wages.
• B) monopoly buyers of workers.
• C) generators of inflation.
• D) monopsonies.

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Definitions:

Expectancy

In psychology, a theory that explains the motivation behind choices, suggesting that people are motivated to act in a certain way because they expect their actions will lead to their desired goal.

Instrumentality

In expectancy theory, the belief that a certain level of performance will lead to a specific outcome or reward.

Effort

The amount of energy, work, or concentration applied towards a task or goal.

Valence

In psychology and motivational theory, the degree of attractiveness or aversiveness an outcome holds for a person, influencing their motivation levels.