Suppose the Apple Pickers of Australia Successfully Form a Union

question 20

Multiple Choice

Suppose the apple pickers of Australia successfully form a union with 100% membership and negotiate a wage rise of 20 per cent. If the market demand for apple pickers is downward sloping this will result in:

• A) greater employment in the apple picking industry
• B) no change in employment in the apple picking industry
• C) a shift in the supply curve of apple pickers
• D) the price of apples to fall

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Definitions:

Insurance Company

A business that provides coverage, in the form of compensation resulting from loss, damages, injury, treatment or hardship in exchange for premium payments.

Socialized Industry

An industry that is owned and operated by the government, aiming to provide goods or services for the benefit of the public rather than for profit.

Healthcare Industry

The sector that provides medical services, manufactures medical equipment, and develops pharmaceuticals among other health-related activities.

High-Income Countries

Nations with a high gross national income per capita, indicating a generally high standard of living and economic productivity.