Suppose That a Union Successfully Negotiated a 10 Percent Wage

question 46

Multiple Choice

Suppose that a union successfully negotiated a 10 percent wage increase and the quantity of labor demanded decreased by 10 percent. Given a fixed labor demand curve, we can conclude that

• A)the labor demand curve is upsloping.
• B)labor demand is elastic.
• C)labor demand is unit-elastic.
• D)the coefficient of elasticity of labor demand is less than 1.

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Definitions:

Verbal Abilities

The capacity to use language effectively for communication, which includes both the understanding and production of spoken and written language.

Maccoby and Jacklin

Researchers known for their work on sex differences in psychology, concluding there are actual differences in certain cognitive and social behaviors between males and females.

Gender Differences

Variations in the characteristics, behavior, physical and mental attributes, and roles traditionally associated with males and females.

Mathematical Abilities

The capacity to understand, manipulate, and solve mathematical problems.