If a Labor Union Specifies That Certain Jobs Can Only

question 52

Multiple Choice

If a labor union specifies that certain jobs can only be done by certain people (for example, only electricians can do electrical work) , it is most likely trying to

• A)raise the elasticity of demand for its labor.
• B)reduce the availability of substitute factors for its labor.
• C)increase the marginal physical product of its members.
• D)decrease the marginal physical product of its members.

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Definitions:

Credits Undeposited

Funds received by a company that have not yet been deposited into the bank account.

Vendor Transactions

Financial transactions made between a business and its suppliers/vendors, relating to the purchase of goods or services.

Enter Credit Card Charges

The act of recording expenses made through a credit card in an accounting system.

Item List

A compiled list of goods or services within a software application that can be bought, sold, or used in transactions.