If a Union Restricts the Supply of Labor,it ________ the Wage

question 152

Multiple Choice

If a union restricts the supply of labor,it ________ the wage rate and ________ the level of employment.

• A) raises; decreases
• B) raises; increases
• C) raises; does not change
• D) lowers; decreases
• E) lowers; increases

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Definitions:

Physiological Needs

Basic physical requirements necessary for human survival, such as food, water, and shelter.

Friendship

A mutual bond between people, characterized by affection, trust, and support, not based on kinship.

Metamotivation

The motivation of self-actualizers, which involves maximizing personal potential rather than striving for a particular goal object.

Self-Actualizers

Individuals who have realized and fulfilled their potential to the highest degree, achieving the highest level of Maslow's hierarchy of needs.