If a Union Succeeds in Increasing the Wage Rate by Restricting

question 19

Multiple Choice

If a union succeeds in increasing the wage rate by restricting labor supply, then

• A) all of its members will be better off.
• B) some members may lose their jobs.
• C) all of its members will be worse off.
• D) more of its members will be employed.

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Definitions:

SDLC

A sequence of phases called the Software Development Life Cycle outlines the process of designing, constructing, evaluating, and deploying an information system.

ERP System

Stands for Enterprise Resource Planning System, a type of software that organizations use to manage day-to-day business activities such as accounting, procurement, project management, and supply chain operations.

HR Manager

Stands for Human Resources Manager, a professional responsible for overseeing all aspects of workforce management and development within an organization.

IT Programmer

A professional who specializes in the development of software applications by writing, testing, and maintaining code in various programming languages.