Exhibit 4-2

question 56

Multiple Choice

Exhibit 4-2
-Refer to Exhibit 4-2. A shift from demand curve D to D' illustrates a(n)

• A)decrease in demand
• B)decrease in quantity demanded
• C)increase in quantity demanded
• D)increase in demand
• E)increase in supply

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Definitions:

Union Shop

A workplace where all employees must become members of a labor union within a specified period after being hired.

Negotiates

The process by which parties come together to discuss, bargain, and reach a mutually acceptable agreement.

Wage Differentials

The variations in wage rates due to factors like occupation, location, industry, and individual skills and experience.

Discriminatory Bias

Prejudice resulting in unfair treatment of individuals or groups based on characteristics such as race, gender, or age.