Suppose That Garbage Collectors and Landscaping Workers Have No Unions

question 470

Multiple Choice

Suppose that garbage collectors and landscaping workers have no unions. Now suppose that garbage collectors form unions. What does this do the labor supply and wages of landscaping workers?

• 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 increase

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Definitions:

Liabilities

Financial obligations or debts that a company or an individual owes to others.

Enormous Liabilities

Refers to significantly large debts or obligations a person or company owes, which can impact their financial stability.

Appraisal Rights

Legal rights enabling shareholders to have their shares independently valued, often in the context of mergers or acquisitions.

Dissenting Shareholders

Shareholders who disagree with certain corporate actions, such as mergers, and have rights that can protect their interests, including the right to receive fair payment for their shares.