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Which of the Following Best Describes Labour Unions and the Wage

Question 72

Multiple Choice

Which of the following best describes labour unions and the wage rate?


A) They have no influence over wages since unions focus only on working conditions.
B) They can influence wages by restricting labour supply.
C) They have no influence on wages since it is illegal to collude in Canada.
D) They can influence wages by decreasing the labour demanded.

Correct Answer:

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