Which of the Following Is Most Likely to Be Associated

question 146

Multiple Choice

Which of the following is most likely to be associated with a strong union?

• A) The demand for the products produced by the unionized labor is highly elastic.
• B) There are few good substitutes for the products produced by the unionized labor.
• C) It is easy to substitute capital for the labor of the union members.
• D) Union labor composes a large proportion of the total cost of the product that they help produce.

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Definitions:

Federal Income Taxes

Taxes levied by the U.S. federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.

State Income Taxes

State income taxes refer to taxes imposed by individual states on the income earned by residents and businesses within their jurisdiction.

Par Value

Par value is the nominal or face value of a bond, share of stock, or other financial instrument, as stated by the issuer.

Articles of Incorporation

A document filed with a state by the founders of a corporation detailing the major components of a company, such as its objectives, structure, and planned operations.