Which of the Following Is NOT a Method Used by Union

question 46

Multiple Choice

Which of the following is NOT a method used by union to increase their members' wages?

• A) Limit the supply of non-union workers.
• B) Increase the demand for union workers.
• C) Support minimum wage increases.
• D) Increase union members' productivity.
• E) None of the above because they are all methods unions use to increase their members' wages.

---

Definitions:

Excess Demand

A situation in which the quantity demanded of a good exceeds the quantity supplied at a given price, often leading to upward pressure on prices.

Competitive Pure Exchange Economy

An economic model where agents trade existing goods without the production of new goods, guided purely by their own self-interest to find an equilibrium.

Contract Curve

In economics, a curve that shows the efficient allocations of goods or services that benefit two parties in an exchange, assuming no externalities.

Utility Function

A mathematical representation of how different combinations of goods or services produce levels of happiness or satisfaction for an individual or entity.