Restricting the Supply of Labor in Order to Increase Wages

question 91

Multiple Choice

Restricting the supply of labor in order to increase wages _____

• A)is a tactic used by service sector unions.
• B)is a tactic more likely to be used by the American Medical Association (AMA) than the United Auto Workers (UAW).
• C)is a tactic more likely to be used by the UAW than the AMA.
• D)is a tactic used solely by professional groups such as lawyers.
• E)has less effect on the wage than direct negotiation does.

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Definitions:

Hand-Blown Glass Candleholders

Artistic pieces created by inflating molten glass into a bubble through a tube to form unique candleholders.

Showmanship

The skill of presenting something, especially a performance, in an attractive manner to captivate the audience.

Silent Benefit

An advantage of a product or service that is not directly advertised or mentioned but is still valued by the consumer.

Product

Any item or service offered to the market for use, consumption, or acquisition to satisfy a need or want.