Craft Unions Typically Attempt to Increase Wage Rates for Their

question 55

Multiple Choice

Craft unions typically attempt to increase wage rates for their members by:

• A) organizing all of the employees in a factory or industry.
• B) opposing increases in the minimum wage that benefit nonunion workers.
• C) supporting regulations and policies that increase the price of complementary resources.
• D) restricting the supply of skilled workers through worker licensing and training requirements.

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Definitions:

Constant-Cost Industry

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A state in an economy where all markets are in equilibrium simultaneously, and the decisions of consumers and producers are perfectly coordinated.