If a Wage-Setting Union Enters a Monopsonistic Labour Market,the Union

question 50

Multiple Choice

If a wage-setting union enters a monopsonistic labour market,the union can cause

• A)wages to rise to what would have been the competitive level but no higher.
• B)wages to rise above the level set by the monopsonist,but only if it allows employment to fall below the level set by the monopsonist.
• C)both wages and employment to rise over the monopsonistic level.
• D)wages or employment to rise above the level set by the monopsonist,but not both.
• E)the level of non-wage benefits to rise but cannot affect either wages or employment.

---

Definitions:

Madness

A term historically used to describe a range of mental health conditions; now more often referred to with specific diagnoses under mental illness.

Yin And Yang

A fundamental concept in Chinese philosophy, symbolizing the concept that all things exist as inseparable and contradictory opposites, like light and dark.

Ancient China

A historical period extending from the earliest recorded dynasties to the end of the imperial era in 1912, noted for its significant contributions to philosophy, technology, and culture.

Tarantism

A historical form of hysteria or dancing mania reported in southern Italy, supposedly caused by a tarantula bite.