Which of the Following Factors Would Allow a Union to Raise

Multiple Choice

Which of the following factors would allow a union to raise wages while losing fewer jobs?

A) The demand for output becomes more elastic due to world competition.
B) Labor costs are a large share of the total cost of producing output.
C) The opening up of other markets around the world where output can also be produced
D) Modernizing plants is unlikely because the demand for output is not growing.