Unions can increase their wage rates by

Question

Quizplus · Accepted Answer

All of the options listed can lead to an increase in wage rates for union workers. Decreasing the supply of labor can lead to higher wages due to scarcity, using the threat of a strike can put pressure on employers to negotiate better wages, increasing the proportion of union workers in the industry can give the union more bargaining power, and increasing the demand for the product can create a need for more workers and higher wages to attract them.

Unions Can Increase Their Wage Rates by