Suppose That Butchers and Bakers Have No Unions

question 494

Multiple Choice

Suppose that butchers and bakers have no unions. Now suppose the butchers form a union. What does this do the labor supply of and wages of bakers?

• A)It increases the labor supply and wages of bakers.
• B)It increases the labor supply and decreases the wages of bakers.
• C)It decreases the labor supply and increases the wages of bakers.
• D)It decreases the labor supply and wages of bakers.

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Definitions:

Scholastic Aptitude Test

A standardized test widely used for college admissions in the United States, assessing reading, writing, and mathematical reasoning abilities.

SAT

A standardized test widely used for college admissions in the United States, assessing reading, writing, and mathematical skills.

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Predicted actions or conduct of an individual or group based on current or past behavior patterns, often used in psychological assessments.

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