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)lower; negotiate for lower wages for its members

Question

Quizplus · Accepted Answer

Under the traditional view of unions, unionization leads to higher prices because unions have a negative impact on the productivity of workers. This is because unions often negotiate for higher wages and benefits for their members, which increases labor costs for employers. In turn, employers may pass on these higher costs to consumers in the form of higher prices for goods and services.

Under the Traditional View of Unions, Unionization Leads to __________