Suppose That Neither Textile Workers nor Shoemakers Are Unionized

question 534

Multiple Choice

Suppose that neither textile workers nor shoemakers are unionized. If textile workers unionize, then the supply of shoemakers will

• A)rise and their wages will rise.
• B)rise and their wages will fall.
• C)fall and their wages will fall.
• D)fall and their wages will rise.

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Definitions:

International Aid

Financial or material assistance provided by one country or international organization to another country to support development, alleviate poverty, or respond to crises.

Negative Aspects

The disadvantages or harmful effects associated with a situation, decision, or action.

Globalization

The process of interaction and integration among people, companies, and governments worldwide, driven by international trade and investment and aided by information technology.

Homogeneous Culture

A society or group where members share similar norms, values, customs, and traditions, making it relatively uniform in terms of culture.