Regarding the impact of unions on wages of all workers, which of the following statements is correct?
A) Approximately 50 percent of our national income is allocated to human capital, while the remaining 50 percent is allocated to physical capital in the form of rents, interest, and corporate profits.
B) As union membership as a share of the U.S. labor force has declined during the last three decades, the share of national income allocated to physical capital has risen.
C) Unions have consistently opposed minimum wage legislation because it tends to cause unemployment.
D) During the past several decades, the share of output going to capital has been virtually constant, even though union membership as a share of the labor force has decreased.
Correct Answer:
Verified
Q47: Why is it that the airline pilots
Q48: What is the primary source of higher
Q49: As the percentage of the labor force
Q50: In a strike, what does the union
Q51: A former union employee states: "We were
Q53: An increase in the percentage of the
Q54: The share of the labor force that
Q55: Which of the following is most likely
Q56: What common goals, if any, do labor
Q57: Which of the following statements is true
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents