Which of the following statements is true ?
A) Derived demand for labor depends on the demand for the other inputs into production.
B) Unions can either increase demand or decrease the supply of labor.
C) Investment in human capital is expected to decrease the demand for those workers because there will be a greater number of qualified workers available.
D) Unions can effectively increase wages by lobbying for looser immigration laws.
Correct Answer:
Verified
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