Suppose That Telemarketers Are Not Unionized

question 330

Multiple Choice

Suppose that telemarketers are not unionized. If they unionize, then the supply of labor in other sectors of the economy will

• A)decrease, raising wages in industries that are not unionized.
• B)decrease, reducing wages in industries that are not unionized.
• C)increase, raising wages in industries that are not unionized.
• D)increase, reducing wages in industries that are not unionized.

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Definitions:

Par Value

The face value of a bond or stock as stated on the certificate or instrument, which does not necessarily reflect its market value.

Fair Value

The proceeds from divesting an asset or the expense for reallocating a liability in a conventional transaction between market stakeholders at the calculation date.

Investment Account

An account held at a financial institution that is used to buy and hold various investment securities, such as stocks and bonds.

Corporate Existence

The state of being recognized as a separate entity with legal rights and obligations, typically achieved through incorporation.