A Union Is Formed to Restrict Labour Supply in a Previously

question 77

Multiple Choice

A union is formed to restrict labour supply in a previously perfectly competitive labour market. If the union succeeds in raising the wage, everything else remaining the same,

• A)employment will fall.
• B)employment will rise.
• C)employment will not change.
• D)the total wage bill will rise.
• E)the total wage bill will fall.

---

Definitions:

Leader Satisfaction

The degree to which a leader feels contentment or fulfillment from their role, responsibilities, and the performance of their team.

Job Performance

Job performance entails the effectiveness and efficiency with which an employee fulfills their job duties and responsibilities.

Leader Reward Behaviour

Actions taken by leaders to recognize and reward the performance and efforts of their team members.

Transactional Leader Behaviour

A style of leadership characterized by the exchange process between leaders and followers, where leaders provide rewards or punishments to followers based on their performance.