If a Union Restricts the Supply of Labor,it ________ the Wage

question 152

Multiple Choice

If a union restricts the supply of labor,it ________ the wage rate and ________ the level of employment.

• A) raises; decreases
• B) raises; increases
• C) raises; does not change
• D) lowers; decreases
• E) lowers; increases

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Definitions:

Self-Esteem

A person’s sense of self-worth.

Personality Component

Refers to specific aspects or traits that make up an individual's overall personality, contributing to how they think, feel, and behave.

Feeling

An emotional state or reaction that arises spontaneously rather than through conscious effort.

Driven

Being strongly motivated or compelled to achieve something.