Suppose All Prices Double. as a Result

question 63

Multiple Choice

Suppose all prices double. As a result:

• A) there will be no change in the opportunity cost of goods.
• B) the opportunity cost of goods will increase.
• C) the opportunity cost of goods will decrease.
• D) the opportunity cost of some goods will increase while the opportunity cost of other goods will decrease.

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Definitions:

Union Membership

The state of being a member in a labor union, which involves participating in collective bargaining and activities for workers' rights and benefits.

Younger Workers

Refers to employees typically in the early stages of their careers, often categorized as Millennials or Generation Z in workforce demographics.

Women

Refers to adult female humans but in certain contexts, can denote all individuals of female sex or gender within a societal or professional aspect.

Union Steward

A representative of unionized workers who serves as the liaison between the employees and the management, safeguarding the interests and rights of the union members.