When a union bargains successfully with employers. in that industry.


6. When a union bargains successfully with employers, in that industry, both the quantity of labor supplied and the quantity

Answer

6) Option C. Union pushes the wage rate above the market wage rate so that the quantity demanded falls and the quantity supplied increases. 7) Option D. It works similar to the application of minimum wages. Now wages in some sectors are higher and so nonunion workers migrate to other sectors. This causes the supply of labor in those sectors to increase and so wage rate falls 8) Option D. Both are not searching for work so they are voluntarily unemployed. And only involuntary unemployment is considered in official unemployment rate 9) Option C

10) Option C

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