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If a Union Is Able to Successfully Lobby Congress to Limit

Question 77

Multiple Choice

If a union is able to successfully lobby Congress to limit imports of rival products, and thus to raise the demand (and thus price) for the goods or services they make, then which of the following best describes the outcome?


A) The supply of labor will increase.
B) The demand for labor will increase.
C) The supply of labor will decrease.
D) The demand for labor will decrease.

Correct Answer:

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