Unions Can Increase Their Wage Rates by

question 59

Multiple Choice

Unions can increase their wage rates by

• A)all of the following
• B)decreasing the supply of labor
• C)using the threat of a strike
• D)increasing the proportion of union workers in the industry
• E)increasing the demand for the product they produce and, therefore, the demand for their labor services

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Definitions:

Federal Government

The national government of a federation, responsible for national matters, distinct from state or provincial governments.

Trade and Commerce

The exchange of goods and services between people or entities, often on a large scale and including international activities.

Criminal Law

The legal system dealing with crimes and their punishment, encompassing laws that define criminal acts and establish sanctions for violators.

Bankruptcy and Insolvency

Legal statuses of an individual or entity that cannot repay the debts it owes to creditors, with bankruptcy being a formal declaration and process and insolvency being a financial state.