Suppose All Textile Workers in the United States Formed a Union.Which

question 25

Multiple Choice

Suppose all textile workers in the United States formed a union.Which of the following will make it more likely the union will ask for a larger wage increase (assuming the union cares about both higher wages and retaining jobs) ?

• A) Labor costs represent a large share of textile production costs.
• B) Textile firms will not invest in capital substituting for labor in producing textiles because textiles is a declining industry.
• C) Labor is a good substitute for capital.
• D) Textile buyers consider U.S. textiles a good substitute for non-U.S. made textiles.

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Definitions:

Cerebrum

the largest part of the brain, responsible for voluntary activities, intelligence, learning, and perceptions of the senses.

Occipital

Pertaining to the occipital lobe, a region at the back of the brain responsible for processing visual information.

Cerebral Cortex

The outer layer of the brain's cerebrum, responsible for complex functions including thought, memory, and consciousness.

Consciousness

The quality or state of being aware of an external object or something within oneself.