Economics · Oct / Nov 2018 · Paper 13 · Question 10
2281Workers
What would put a trade union in a strong bargaining position to negotiate higher wages for its members in a particular firm?
- AThe demand for the product produced by the workers has an inelastic demand.
- BThe economy is experiencing high unemployment.
- CThe proportion of the firm's workers in the union is low.
- DWage costs are a high proportion of total costs for firms in the industry.
As printed in the paper
Show the answer
Correct answer: A. The demand for the product produced by the workers has an inelastic demand.
Make a free account to save your answers and see your weak topics and ask the AI why a wrong answer is wrong.

