Which of the Following Factors Will Reduce Considerably the Ability

question 202

Multiple Choice

Which of the following factors will reduce considerably the ability of a union to raise the wages of its workers?

• A) an elastic demand for the goods produced by union labor
• B) weak foreign competition for the product union labor helps to produce
• C) high tariffs on goods produced by the union labor
• D) favoritism in the allocation of government contracts to firms that employ union labor

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Definitions:

Communication Skills

The ability to convey information effectively and efficiently through spoken, written, or non-verbal means.

Managers

Individuals responsible for planning, directing, and overseeing the operations and employees within an organization.

Individualism

The principle of being independent and self-reliant, prioritizing personal goals and self-expression over communal or collective objectives.

Personal Responsibility

An individual's obligation to ensure their actions, behaviors, and decisions are ethical and socially responsible.