Which of the Following Will Tend to Lower the Ability

question 648

Multiple Choice

Which of the following will tend to lower the ability of a union to increase the wages of its members?

• A) strong competition from nonunion labor
• B) threat of a strike
• C) increased demand for union labor
• D) all of the above

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Definitions:

Domestic Producers

Local manufacturers or producers who create goods and services within a country's borders, contributing to the domestic economy.

Foreign Producers

Companies or individuals that produce goods or services in a country other than the one where the goods or services are consumed.

Tariff Revenue

The income generated by the government from taxing imports.

International Trade

The exchange of goods and services across international borders or territories, involving importation and exportation.