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otez555 [7]
3 years ago
14

Sometimes labor unions try to increase the demand for the product they produce. They do so because the demand for labor is deriv

ed; and the __________ the demand for the product labor produces, the __________labor and the __________ wages will be, ceteris paribus.a. higher; greater the supply of; lowerb. higher; lower the demand for; higherc. higher; higher the demand for; higherd. lower; higher the demand for; highe
Business
1 answer:
dybincka [34]3 years ago
4 0

Answer:

c. higher; higher the demand for; higher.

Explanation:

Labor Union

A labor union is also known either trade union and workers' union and the organisation is a representation of the interests of workers or employees. Some specific functions and objectives of labor unions is to unit the workers and speak on their behalf on issues surrounding availability of work, wages, benefits and all other work conditions. Unions are most often grouped according to specific industries.

Based on the specific objectives of labor unions as mentioned, it is the interest of labor union to fight for higher wages as well as more demand for labor. Higher wages means higher conditions of living and more demand for labor means more employment opportunities. Therefore, making efforts to increase product demand will have ripple effect on demand for labor was well as higher wages.

Therefore, the higher the demand for the product labor produces, the higher the demand for labor and the higher wages will be, ceteris paribus

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Due to budget restrictions, a business school could afford to hire only one new faculty member for the next academic year. Howev
kakasveta [241]

The correct answer would be, Compromise.

After a lengthy discussion, it was decided that the budget would be hired for the next year. In this situation, Compromise strategy of conflict management is used.  

Explanation:

In simple words, Conflict Management is the management of Conflict between two parties, or between two issues. In this process, the negative aspects of the issue are lowered while positive aspects are being highlighted.

Compromise is that strategy of Conflict Management in which a settlement is made below the desired standards in order to resolve the conflict.

So when temporary faculty is hired in the school instead of the need of permanent faculty, due to the shortage of budget, Compromise Strategy of Conflict Management is being used.

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3 years ago
Sharon is purchasing a food processor and has done extensive research on all the models available in the market. she is convince
Scrat [10]
Sharon is in the "purchase decision and purchase act" <span>stage of consumer decision process.

</span><span>The buying decision process is the basic leadership process utilized by buyers with respect to advertise exchanges previously, during, and after the buy of a good or administration. It can be viewed as a specific type of a cost– advantage examination within the sight of various options.The five stages of this process includes:

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8 0
3 years ago
To cater to the growing demand for luxury automobiles, Italy agrees to buy 5,000 cars from Comfort Cars Inc. in exchange for 5,0
kupik [55]

Answer: barter

Explanation:

Barter is an exchange system whereby money isn't used as the medium of exchange but rather, there's a direct exchange of goods or services.

From the question, we are given the information that Italy agrees to buy 5,000 cars from Comfort Cars Inc. in exchange for 5,000 barrels of oil. This shows that a barter system took place.

7 0
3 years ago
The economic principle of ______ says that when there are two houses in the same neighborhood with the same size, appeal, and ut
Rina8888 [55]

The economic principle of substitution says that when there are two houses in the same neighborhood with the same size, appeal, and utility, the lower-priced one will tend to sell first.

<h3>The economic principle of substitution</h3>
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  • A shrewd investor would not spend more on an asset that generates income than it would cost to construct or buy an asset of a similar nature.
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  • For instance, why would somebody pay $1,000,000 for a home when they could pay $750,000 for a different but as appealing home in the same neighborhood?

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2 years ago
According to the FTC, how does the ECOA empower individuals?
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<span>Credit cannot be denied based on unrelated factors.</span>
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