If a labor union specifies that certain jobs can only be done by certain people (for example, only electricians can do electrical work), it is likely trying to
A)affect the elasticity of demand for its labor.
B)reduce the availability of substitute factors for its labor.
C)increase the marginal physical product of its members.
D)a and b
E)none of the above

Question

Quizplus · Accepted Answer

This practice is aimed at reducing the availability of substitute factors for its labor (by ensuring that only specific, qualified individuals can perform certain tasks) and can also affect the elasticity of demand for its labor (since it limits the pool of individuals who can perform these tasks, potentially making the demand for these qualified individuals more inelastic).

If a Labor Union Specifies That Certain Jobs Can Only