The Introduction of a Union into an Industry

question 365

Multiple Choice

The introduction of a union into an industry

• A)creates a surplus of labor and so raises unemployment.
• B)creates a surplus of labor and so reduces unemployment.
• C)creates a shortage of labor and so raises unemployment.
• D)creates a shortage of labor and so reduces unemployment.

---

Definitions:

Algorithm

A set of step-by-step procedures or formulas for solving a problem or completing a task, often used in computing and mathematical problem-solving.

Hypotheses

Proposals or predictions that are tested through scientific research, forming the basis for experimentation.

Heuristics

Cognitive shortcuts or rules of thumb that simplify decision making, often at the cost of accuracy or completeness.

Mental Representations

Internal depictions in the mind of information or experiences, such as visuals, words, or concepts.