If a Union Establishes by Collective Bargaining a Wage Rate

question 246

Multiple Choice

If a union establishes by collective bargaining a wage rate that is above a competitive market equilibrium wage rate, then

• A) an excess quantity of labor will be supplied.
• B) a shortage of labor will result.
• C) there will be an increase in total employment.
• D) management will want to substitute labor for machinery.

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Definitions:

Continuity Of Care

Coordination of services provided to individuals before, during, and after entry into a health care facility.

Working Phase

The period in therapy or counseling characterized by active efforts and interventions aimed at solving the client's problems.

Respect

A feeling of deep admiration for someone or something elicited by their abilities, qualities, or achievements.

Attitude

A psychological tendency expressed by evaluating a particular entity with some degree of favor or disfavor.