The Existence of a Union

question 185

Multiple Choice

The existence of a union

• A) has no effect on labor supply and demand.
• B) affects labor supply only.
• C) affects labor demand only.
• D) can affect both labor supply and labor demand.

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Definitions:

Rational Commitment

A form of commitment based on logical reasoning from an individual about the benefits of maintaining a relationship or agreement.

Emotional Commitment

The level of psychological attachment an individual has towards an organization, influencing their willingness to contribute and stay.

Cognitive Dissonance

A psychological state in which an individual experiences discomfort or tension from holding two or more contradictory beliefs, ideas, or values simultaneously.

Individual's Attitude

A person's settled way of thinking or feeling about something, revealed through their behavior.