Which of the Following Factors Would Allow a Union to Raise

question 37

Multiple Choice

Which of the following factors would allow a union to raise wages while losing fewer jobs?

• A) The demand for output becomes more elastic due to world competition.
• B) Labor costs are a large share of the total cost of producing output.
• C) The opening up of other markets around the world where output can also be produced
• D) Modernizing plants is unlikely because the demand for output is not growing.

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