An Increase in the Percentage of the Labor Force That

question 160

Multiple Choice

An increase in the percentage of the labor force that is unionized will cause average wages for all workers to rise because

• A) union labor is more productive.
• B) profit levels are lowered to increase wages.
• C) strike threats promote wage increases.
• D) This is a trick question because greater unionization does not imply higher average wages.

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Definitions:

Dependent Variable

In an experiment or study, the variable that is tested and measured to see if it is affected by changes in another variable (the independent variable).

Sales Territories

are geographic or demographic regions assigned to salespersons or teams as their specific area of responsibility.

Purchasing Behavior

The process and reasons behind how and why consumers make decisions to buy products or services.

Marketing Research

The systematic gathering, recording, and analyzing of data about issues relating to marketing products and services.