All of the Following Can Raise Wages of Union Members

question 240

Multiple Choice

All of the following can raise wages of union members EXCEPT

• A) increasing the demand for non-union made goods.
• B) increasing the demand for union-made goods.
• C) limiting union membership over time.
• D) increasing the productivity of union workers.

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Definitions:

Market Deregulated

The process where government restrictions, rules, and regulations on business operations and market entry are reduced or eliminated to foster a more competitive market environment.

Quantity Demanded

The amount of a product that consumers are willing and able to purchase at a specified price within a given time period.

Minimum Wage

The lowest legal hourly pay that workers can be paid by employers, set by government legislation.

Unemployment

The situation in which individuals who are capable of working and willing to work cannot find employment.