Suppose That Bartenders and Waiters Have No Unions

question 8

Multiple Choice

Suppose that bartenders and waiters have no unions.Now suppose that bartenders form a union.What does this do the labor supply and wages of waiters?

• A)Both labor supply and wages increase.
• B)Labor supply increases,and wages decrease.
• C)Labor supply decreases,and wages increase.
• D)Both labor supply and wages decrease.

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Definitions:

Adults Not in the Labor Force

Individuals aged 16 and older who are neither employed nor actively seeking employment.

Total Adult Population

The entire number of individuals within a specified area or country who are legally considered adults, often used in demographic analyses and economic models.

Not in the Labor Force

Individuals who are neither employed nor actively seeking employment and, therefore, not counted in the labor force.

Retirees

Individuals who have withdrawn from active working life, often due to reaching a certain age or fulfilling occupational requirements.