Which of the Following Is Most Likely to Occur If

question 166

Multiple Choice

Which of the following is most likely to occur if a union can transfer profits from a unionized employer to union workers?

• A) The investment expenditures of the unionized employer will tend to fall.
• B) Employment in the nonunion sector will tend to fall.
• C) The costs of the unionized employer will tend to fall.
• D) The output of the unionized employer will tend to increase.

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Definitions:

Specialize

The process of concentrating on and becoming expert in a particular subject or skill, often used in the context of labor and production.

Produce

Produce generally refers to agricultural products, especially fresh fruits and vegetables, harvested for human consumption.

Lower Cost

A situation or strategy in which the production or offering of goods and services is achieved with minimal expense.

Sunk Costs

Costs that have already been incurred and cannot be recovered, which should not influence future business decisions.