If a Union Is Able to Successfully Lobby Congress to Limit

question 12

Multiple Choice

If a union is able to successfully lobby Congress to limit imports of rival products, and thus to raise the demand (and thus price) for goods or services they make, then which of the following best describes the outcome?

• A) The supply of labor will increase.
• B) The demand for labor will increase.
• C) The supply of labor will decrease.
• D) The demand for labor will decrease.

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Definitions:

Sample

A subset of individuals, events, or items selected from a larger population used to conduct statistical analysis.

Pie Graph

A circular chart divided into sectors, each sector shows the relative size of some data.

Histogram

A graphical representation showing a frequency distribution where the data is grouped into ranges and represented by bars.

Bar Chart

A graphical representation of data using bars of different heights or lengths to compare values across categories.