Under the traditional view of unions, unionization leads to __________ prices because unions __________.
A)higher; have a negative impact on the productivity of the workers
B)lower; have a positive impact on the productivity of the workers
C)stable; demand long and stable wage contracts from their employers
D)none of the above

Question

Quizplus · Accepted Answer

Under the traditional view, unionization is thought to lead to higher prices because unions can negotiate higher wages for their members, which can increase labor costs for employers. These increased costs may then be passed on to consumers in the form of higher prices for goods and services. This view does not necessarily imply that unions have a negative impact on the productivity of workers, but rather focuses on the impact of increased labor costs.

Under the Traditional View of Unions, Unionization Leads to __________