If Through Collective Bargaining a Union Succeeds in Raising Its

question 51

Multiple Choice

If through collective bargaining a union succeeds in raising its members' wages, then:

• A)this would raise total wages earned.
• B)the observed wage and employment levels will be indicated by the intersection of the new horizontal wage line with the demand curve.
• C)the union must be simultaneously placing restrictions on union membership.
• D)this will necessarily cause the demand curve for labor to shift downward.
• E)the supply curve of labor will shift upward as workers substitute leisure for work.

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Definitions:

Transvestism

The practice of dressing and presenting oneself in a style or manner traditionally associated with the opposite sex, often for emotional or sexual satisfaction.

Transvestic Disorder

A condition characterized by an intense sexual arousal from cross-dressing, which may cause distress or impairments in social, occupational, or other important areas of functioning.

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Medical procedures undertaken to alter a person's physical sex characteristics to resemble those of the gender they identify with.

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The process of launching a product in a limited market to gather feedback and performance data before a full-scale launch.