If a Union Is Able to Restrict the Supply of a Non-Union-Made

question 190

Multiple Choice

If a union is able to restrict the supply of a non-union-made substitute product,then,in the union sector,_____

• A)wages will increase but employment will decrease.
• B)wages will increase and employment will increase.
• C)wages will decrease but employment will increase.
• D)wages will decrease and employment will decrease.
• E)the demand for nonunion labor will increase.

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Definitions:

Uncola Soft Drinks

Non-cola carbonated beverages, often flavored with fruit or other sweeteners, distinct from traditional cola flavors.

Confidence Interval

A collection of estimations, from sample-derived statistics, considered to likely house the unrevealed value of a population parameter.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, represented as the square root of the variance.

Population Mean

The mean of every number within a group.