Which of the following statements is true concerning the impact of unions on wages of all workers?
A) The share of income going to labor has increased during periods when union membership has increased as a proportion of the U.S. labor force.
B) Inflation in the United States has tended to accelerate as the proportion of the U.S. labor force that is unionized has increased.
C) Higher wages in the unionized sectors of an economy will also push up wages in the nonunion sectors.
D) High real wages cannot be achieved and sustained without increases in output per worker hour.
Correct Answer:
Verified
Q52: Regarding the impact of unions on wages
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
Q58: Union membership has fluctuated during the last
Q59: Measured as a share of the labor
Q60: If a firm operates in a competitive
Q61: In competitive price-taker markets, firms
A) can sell
Q62: Suppose a restaurant that is highly profitable
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