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:

Biases

Inclinations or prejudices for or against one person or group, especially in a way considered to be unfair.

Evidence

Information or signs indicating whether a belief or proposition is true or valid.

Critical Thinkers

Individuals who actively engage in analysis, synthesis, evaluation, and reflection to make informed decisions or solve problems.

Assumptions

Beliefs or statements taken for granted without proof, often serving as the basis for further reasoning or arguments.