If a Union Restricts the Supply of Labor but Cannot

question 192

Multiple Choice

If a union restricts the supply of labor but cannot change the demand for labor, the union ________ the wage rate and ________ the level of employment.

• A) raises; decreases
• B) raises; increases
• C) lowers; decreases
• D) lowers; increases

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Definitions:

ACCOR

A multinational hospitality company based in France, operating hotels, resorts, and vacation properties across various countries.

Adaptive IHRM Strategy

An approach in international human resource management that adjusts policies and practices to fit the cultural, legal, and economic contexts of different countries.

Local Employees

Individuals employed by a company who are from, or reside in, the same country where the organization's operations are located, contrasting with expatriate employees.

Self-Maintenance Competencies

Skills and abilities enabling individuals or organizations to independently manage their development and required upkeep without external assistance.