Which of the following statements is true for the U.S. economy?
A) Higher wages in the unionized sectors of the economy push up wages in the nonunion sectors as well.
B) Inflation tends to accelerate when the proportion of the labor force that is unionized increases.
C) Union workers currently receive wages that are 15 to 20 percent higher, on average, than similar nonunion workers.
D) When we compare similar union and nonunion workers, we find virtually no difference in the wages they receive.

Question

Quizplus · Accepted Answer

Union workers typically receive higher wages than nonunion workers, often estimated to be 15 to 20 percent more, due to collective bargaining advantages.

Which of the Following Statements Is True for the U