A Union Might Increase the Demand for the Labor Services

question 306

Multiple Choice

A union might increase the demand for the labor services of its members by

• A) decreasing the demand for the product it is producing.
• B) decreasing the prices of complementary inputs.
• C) decreasing the prices of substitute inputs.
• D) increasing the prices of complementary inputs.

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Definitions:

Efficacy

The ability to produce a desired or intended result, often used in the context of medications or treatments.

Anorexia

A psychological disorder marked by a persistent terror of becoming overweight and a deliberate avoidance of achieving a normal body weight.

Cognitive-Behavioral Therapy

A form of psychotherapy that treats problems by modifying dysfunctional emotions, behaviors, and thoughts through a goal-oriented, systematic approach.

Negative Reinforcements

A behavioral psychology concept where the removal of an unpleasant stimulus strengthens a particular response or behavior.