Sometimes Labor Unions Try to Increase the Demand for the Product

question 131

Multiple Choice

Sometimes labor unions try to increase the demand for the product they produce. They do so because the demand for labor is derived; and the __________ the demand for the product labor produces, the __________labor and the __________ wages will be, ceteris paribus.

• A)higher; greater the supply of; lower
• B)higher; lower the demand for; higher
• C)higher; higher the demand for; higher
• D)lower; higher the demand for; higher

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Definitions:

Results

The outcomes or outputs achieved from a specific process, activity, or investment, which are measured against predetermined objectives or goals.

Plan Obsessively

The approach of meticulously detailing every aspect of a project or venture to ensure its success.

Objective Thinking

A way of reasoning and making decisions based on facts and evidence, without influence from personal feelings or biases.

Entrepreneurial Mindset

A way of thinking that embraces challenge, innovation, and the continuous pursuit of new opportunities in the face of potential failure.