Nonunion Labor Is a Substitute for Union Labor,so When the Minimum

question 83

Multiple Choice

Nonunion labor is a substitute for union labor,so when the minimum wage ________,the demand for union labor ________.

• A) rises; decreases
• B) decreases; increases
• C) decreases; decreases
• D) rises; increases
• E) rises; remains the same

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Definitions:

Balance Sheet

The Balance Sheet is a financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time.

Marketable Securities

Financial instruments and assets that can easily be converted into cash without significant loss of value.

Investments

Investments refer to assets purchased with the intention of generating income or appreciation, including securities like stocks and bonds, real estate, or other vehicles.

FASB

Financial Accounting Standards Board, an independent organization responsible for establishing and improving financial accounting and reporting standards in the United States.