Question: A labor union will be able to RAISE the wage by restricting labor supply in an industry that is: (A) labor intensive (B) capital intensive

A labor union will be able to RAISE the wage by restricting labor supply in an industry that is: 

(A) labor intensive 

(B) capital intensive 

(C ) concentrated 

(D) all of these

Step by Step Solution

3.43 Rating (159 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

The correct option is A LABOR INTENSIVE Explanation As the Labor... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Marketing Questions!