Which of the Following Factors Will Make It Easier for a Labor

question 73

Multiple Choice

Which of the following factors will make it easier for a labor union to increase the wages of its members?

• A) a highly inelastic demand for the products produced by the union labor
• B) a readily available supply of similar products produced by nonunion labor
• C) low tariffs and strong competition from foreign firms producing the products supplied by the union labor
• D) a reduction in the demand for the products produced by the union labor

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Definitions:

Illegal Drugs

Substances whose production, sale, or possession are prohibited by law.

Correlated

A statistical relationship where two variables move in relation to each other.

Grade-Point Average

A numerical calculation that represents the average of all final grades earned in courses over time, often used as a measure of academic achievement.

Illusory Correlation

The false perception of a relationship between two variables or events, typically due to cognitive bias.