If Society Decides It Wants More of One Good and All

question 88

Multiple Choice

If society decides it wants more of one good and all resources are fully utilized, then

• A)it is unable to do this unless technology advances.
• B)additional resource supplies will have to be found.
• C)it has to give up some of another good and incur some opportunity costs.
• D)more unemployment will occur.

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Definitions:

Union Members

Individuals who belong to a labor union, an organized group that represents workers in negotiations with employers regarding work conditions and wages.

Hostility Toward Unionization

Negative attitudes or actions by employers, management, or other groups against the formation, growth, or activities of labor unions.

Company Dominated Unions

Unions that are controlled or heavily influenced by employers, often criticized for not genuinely representing the interests of workers.

Great Britain

An island in the North Atlantic Ocean off the northwest coast of continental Europe, comprising England, Scotland, and Wales.