When Some Resources Used in Production Are Only Available in Limited

question 29

Multiple Choice

When some resources used in production are only available in limited quantities, it is likely that the long-run supply curve in a competitive market is

• A)downward sloping.
• B)upward sloping.
• C)horizontal.
• D)vertical.

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Definitions:

Union Shop

A workplace where all employees must either join the union or pay union dues, typically after a specified period of employment.

Condition of Employment

Terms, requirements, or situations that are necessary for an individual's employment, such as qualifications or workplace policies.

Organizing Campaigns

Structured efforts, often led by unions or activist groups, aimed at building support and membership through advocacy, education, or direct action.

Union Organizers

Individuals or groups involved in forming or promoting the interests of labor unions among workers.