If Incomes Fall, Then

question 142

Multiple Choice

If incomes fall, then

• A) the budget constraint shifts inward.
• B) the budget constraint shifts out.
• C) there is no change in the budget constraint.
• D) there is no relationship between the budget constraint and income.

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Definitions:

Single Union

A term referring to a situation where only one labor union represents the employees of a particular company or workplace.

Unionism Rate

The percentage of workers in a particular sector or industry that are members of labor unions.

Newfoundland

An island off the northeast coast of North America, and one of the provinces of Canada, known for its rugged coastline and unique culture.

Labour Unions

Organizations that represent the collective interests of workers in negotiations with employers regarding wages, working conditions, and benefits.