Autoworkers Negotiate a Wage Increase

question 74

Multiple Choice

Autoworkers negotiate a wage increase.How does this change affect the supply curve of cars?

• A) It shifts the supply curve leftward.
• B) It shifts the supply curve rightward.
• C) It does not shift the supply curve or create a movement along it.
• D) The supply curve will shift but there is not enough information to tell if the change shifts the supply curve rightward, leftward, or not at all.
• E) It creates a movement downward along the supply curve.

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Definitions:

Interpersonal Attraction

The attraction between people which leads to friendships and romantic relationships, influenced by physical appearance, similarity, and other factors.

Overjustification Effect

The decrease in intrinsic motivation to perform an activity when external incentives are given, especially if the incentives are perceived as excessive.

Social Loafing

The occurrence in which a person contributes less towards a common objective while working in a team than they do when working independently.

Homeostasis

Homeostasis is the process by which living organisms regulate their internal environment to maintain a stable, constant condition in response to changes in the external environment.