If Union-Sponsored Advertisements for a Particular Product Succeed in Increasing

question 95

Multiple Choice

If union-sponsored advertisements for a particular product succeed in increasing the demand for that product , the:

• A) demand for the union-labor used to produce the product will increase.
• B) demand for the union-labor used to produce the product will decrease.
• C) marginal cost of union-labor will increase.
• D) marginal cost of union-labor will decrease.

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Definitions:

Employment Contracts

Legal agreements specifying the terms and conditions of employment between an employer and employee.

Indivisible Agreement

A contract or agreement that cannot be separated into individual parts, requiring full performance by the parties involved.

Separate Consideration

The distinct value or compensation given in exchange for a service or agreement, specifically identifiable apart from other considerations.

Unconscionable

Describes actions or conditions that are excessively unfair or immoral to a degree that they go against the basic principles of justice or good conscience.