If a Union Restricts the Supply of Labor,it ________ the Wage

question 152

Multiple Choice

If a union restricts the supply of labor,it ________ the wage rate and ________ the level of employment.

• A) raises; decreases
• B) raises; increases
• C) raises; does not change
• D) lowers; decreases
• E) lowers; increases

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Definitions:

Complex Tradition

A set of beliefs, rituals, and practices that have developed and evolved over a long period, often within a specific community or society.

Source

The origin of something or the place where something comes from.

Sun Rises

The daily event where the sun appears or becomes visible on the horizon in the morning, signifying the beginning of the day.

White Wolf

A publishing company known for its role-playing games, books, and digital media, often with fantasy and supernatural themes.