To Increase the Demand for Union Labor, a Labor Union

question 3

Multiple Choice

To increase the demand for union labor, a labor union might attempt to

• A)increase the demand for the products produced by union labor.
• B)decrease substitute factor prices.
• C)decrease the marginal physical product productivity of union labor.
• D)support legislation that reduces trade restrictions and increases imports.

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Definitions:

Commercial Banks

Financial institutions that offer a wide range of services like accepting deposits, providing business loans, and offering basic investment products.

Pension Fund Managers

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Investment companies that raise funds from individuals and institutional investors and use the funds to take large stakes in a wide range of public and private companies.