If a Union Can Successfully Shift the Demand Curve for Union

question 101

Multiple Choice

If a union can successfully shift the demand curve for union labour rightward, the union can achieve

• A) a decrease in both employment and wages.
• B) an increase in wages and employment.
• C) an increase in wages but a decrease in employment.
• D) an increase in employment but a decrease in wages.

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Definitions:

Retained Earnings

The part of net profits not allocated for dividend distribution but held back by the firm for the purposes of reinvesting in its main business or settling debts.

Dividends Paid

The portion of a company's earnings that is distributed to its shareholders as a payment, typically in the form of cash or additional shares.

Statement of Stockholders' Equity

A financial document that shows changes in the value of shareholders' equity in the company over a specific period.

Common Stock

A type of equity security that represents ownership in a corporation, granting holders voting rights and a share in the company's profits via dividends.