Suppose That Wages Paid to Both Factory Workers and Construction

question 90

Multiple Choice

Suppose that wages paid to both factory workers and construction workers in a perfectly competitive factor market is $15 per hour.If the market for factory workers becomes unionized, you would expect:

• A) a decrease in the supply of factory workers.
• B) a decrease in the wage rate for factory workers.
• C) an increase in the wage rate for construction workers.
• D) no change in the wage rate for either factory workers or construction workers.

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Definitions:

Good Time Management

The effective planning and controlling of one's time to efficiently accomplish tasks and objectives, optimizing productivity.

Screening Telephone Calls

The process of evaluating incoming calls strategically to manage time effectively, often to filter out unwanted or less important calls.

Priorities

Items or activities that are regarded as more important than others and therefore necessitate attention or action first.

Participatory Planning

Includes the people who will be affected by plans and/or whose help is needed to implement them.