Asked by
Jazmin Garcia
on Dec 11, 2024
Verified
Other things constant, if a labor union is able to successfully increase the wages of autoworkers, there will be
A) an increase in the supply of automobiles causing the price of automobiles to fall.
B) an increase in the supply of automobiles causing the price of automobiles to rise.
C) a decrease in the supply of automobiles causing the price of automobiles to fall.
D) a decrease in the supply of automobiles causing the price of automobiles to rise.
Labor Union
A collective organization of employees who bargain as a unit with employers.
Autoworkers
Employees in the automotive industry who are involved in the design, development, manufacturing, marketing, and selling of motor vehicles.
Automobiles
Motor vehicles with four wheels designed primarily for passenger transportation on roads.
- Examine the impact of variations in input costs, including labor and raw materials, on the market for manufactured goods.
Verified Answer
CD
Learning Objectives
- Examine the impact of variations in input costs, including labor and raw materials, on the market for manufactured goods.