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A labor union is an organized group of workers who get together and are dedicated to improve their wages, hours, and working conditions to protect their members.

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Decreasing Labor Supply... suppose you are a truck driver you would want the supply of truck drivers to be low because as the demand for them rises the supply doesn't go up very much. So the drivers would earn ore because there isn't much people who do things like that.

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When the wages in Union workers go up it raises the price on goods being sold to be able to pay the raised wage. It benefits the workers but hurts consumer

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economic analysis that assigns a numerical value to the cost-effectiveness of an operation, procedure, or program.

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A federal regulation is a law that protects either individuals or the environment. it can provide protection, safety and health in the home or workplace/companies for consumption of goods..regulations can have far reaching effects.

Ex: State Licensing

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Unintended Effects - what does this mean?

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Unintended Effects - what does this mean?

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It means consequences that aren't meant or expected to happen.

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In the private industry it was shown that unionized workers typically earn more than non unionized workers. This goes for both private and more public jobs

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If the demand for a good increases so does the demand for labor(worker) as well. If your labor increases then so will the wage rate. So you would want the demand to increase because it will benefit you. for example in TV Commercials urge consumers to buy "union made goods" or "made in the U.S.A.