-Refer to the Above Figure

question 58

Multiple Choice

-Refer to the above figure. Suppose there are L4 workers in the union. If the union wants to set a wage rate of W3, it must

• A) determine which of its members will earn W3 and which will earn W1.
• B) accept that L4 - L2 members will not be able to find work in the industry.
• C) accept that L3 - L2 workers will have to get a lower wage equal to W2 and L4 - L3 workers will have to get a wage of W1.
• D) determine the most efficient way to get the firms to accept the wage and hire all L4 workers.

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Definitions:

Internal Causes

denotes reasons or factors within an individual, such as personal beliefs or emotions, that can influence their behavior or attitude.

Fritz Heider

An Austrian psychologist known for his contributions to attribution theory in social psychology.

Fundamental Attribution Error

The tendency to overestimate personality or dispositional factors while underestimating situational factors when explaining others' behaviors.

Attributional Process

The cognitive process by which individuals infer the causes of their own and others' behavior.