To Raise Wages,labor Unions Can Force a Shift in the Labor

question 67

Multiple Choice

To raise wages,labor unions can force a shift in the labor supply curve by

• A) being willing to work longer hours as wage rates rise.
• B) favoring legislation to reduce immigration.
• C) negotiating an increase in wages.
• D) encouraging an increase in union membership.
• E) increasing the demand for the final product.

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Definitions:

Increase by

Refers to the act of becoming larger or more by a specific amount or rate.

Rate of Return

Variation in the value of an investment over a specific duration, measured as a percentage of the investment's starting cost.

Annual Dividend

The total dividend payment a shareholder receives from a company over one fiscal year.

Increasing the Dividend

The action by a company to raise the amount of money paid to shareholders out of its profits on a per-share basis.