Union Leaders Who Want to Avoid Layoffs for Their Members

question 124

Multiple Choice

Union leaders who want to avoid layoffs for their members sometimes negotiate lower wages during recessions. If the wages for unionized workers at bakeries fall, the price of bread falls because

• A) bread is an essential food.
• B) lower input prices decrease demand.
• C) this is a cost-saving technology.
• D) lower input prices increase supply.
• E) the lower wage was voluntary.

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Definitions:

Parenting Skills

The abilities and knowledge necessary for raising children in a healthy and supportive manner.

Commitment

an obligation or pledge to do something, such as fulfilling a task or staying loyal to someone or something.

Behavior Independently

Actions or conduct that a person undertakes on their own, without influence or assistance from others.

Contingency Contract

An agreement between parties that specifies certain outcomes or actions contingent on designated conditions being met.