Among Possible Union Strategies, the One That Can Both Raise

question 7

Multiple Choice

Among possible union strategies, the one that can both raise wages and add to employment is

• A)restricting the supply of workers.
• B)raising the demand curve for the product or for labor.
• C)fixing the wage.
• D)striking frequently.

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Definitions:

Financial Status

The economic condition of an individual, family, or organization defined by income, assets, and liabilities.

Learned Helplessness

An acquired (hence, learned) belief that one is unable to control one’s environment.

Success

The achievement of a goal or objective, often recognized through the accomplishment of desired outcomes or the attainment of wealth, position, honors, or the like.

Ability

The possession of the means or skill to perform a task or action effectively, often innate but can also be developed through learning and practice.