Which of the Following Increases the Demand for U

question 119

Multiple Choice

Which of the following increases the demand for U.S. union labor?

• A) an increase in the minimum wage
• B) an increase in the demand for imported goods
• C) new laws that ease immigration restrictions
• D) All of the above cause an increase in the demand for union labor.

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Definitions:

Accounting Equation

The fundamental principle of accounting that states assets equal liabilities plus owner's equity.

Purchasing Supplies

The process of acquiring the goods and materials a company needs to operate.

Increases Liabilities

Refers to events or transactions that result in a rise in the amounts owed by a company, such as taking on new loans or issuing bonds.

Decreases Equity

Activities or transactions that reduce the owner's equity in a company, often through expenses, losses, or distributions to owners.