-Refer the Above Figure

question 41

Multiple Choice

-Refer the above figure. An increase in labor productivity is likely to stimulate and shift the labor demand curve to

• A) the right and hence increase union wages per year.
• B) to the left and hence increase union wages per year.
• C) the right and hence lower union wages per year.
• D) None of the above is likely to happen.

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Application Condition

Specific circumstances or requirements that must be met for a principle, law, or procedure to be applied.

Acceptance Condition

The circumstances or criteria that must be met for a proposal, hypothesis, or solution to be considered satisfactory or acceptable.

Premises

Statements or propositions from which conclusions are drawn or reasoned.