Suppose a labor union is able to effectively negotiate higher wages for its members and is able to prevent the firm from hiring new workers at a lower wage. The best explanation for this is
A) the minimum-wage explanation.
B) the job-search explanation.
C) the discouraged-worker explanation.
D) the insider-outsider explanation.
E) the efficiency-wage explanation.
Correct Answer:
Verified
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A)the
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