If a Union Can Successfully Shift the Demand Curve for Union

question 179

Multiple Choice

If a union can successfully shift the demand curve for union labor rightward, the union can achieve

• A) an increase in wages and employment.
• B) an increase in wages but a decrease in employment.
• C) an increase in employment but a decrease in wages.
• D) a decrease in both employment and wages.

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Definitions:

Simplicity

The quality or condition of being easy to understand or do, not complicated.

Similarity

The degree to which two or more entities share common attributes, characteristics, or qualities.

Perceptual Tendency

The inclination to perceive or interpret information in a particular way, often influenced by past experiences and biases.

Proximity

Refers to being near or close to something or someone, often implying a relationship influenced by physical or emotional closeness.