If a Union Is Able to Organize Workers in a Competitive

question 73

Multiple Choice

If a union is able to organize workers in a competitive labor market but the union cannot affect the demand for its members' labor,then the wage rate ________ and the quantity of labor hired ________.

• A) rises; increases
• B) rises; decreases
• C) rises; does not change
• D) does not change; increases
• E) falls; decreases

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Definitions:

Demand

The desire coupled with the purchasing power for specific goods or services in a given economic marketplace.

Income

Money received on a regular basis from work, investments, business, etc., used to fund a person’s living expenses.

Video Tapes

An outdated magnetic tape storage format for recording analog audio and analog video signals, typically used for consumer video recording.

Garbage

Waste material that is discarded by humans, typically due to its inability to be used again or lack of perceived value.