Ceteris paribus, what is likely to happen in the union and nonunion labor markets if a state passes a right-to-work law?
A) Union wages are likely to fall, and nonunion wages are likely to rise as firms switch demand to nonunion workers.
B) Union wages are likely to rise, and nonunion wages are likely to fall as firms switch demand to nonunion workers and more nonunion workers enter the labor market.
C) Union wages are likely to rise, and nonunion wages are likely to fall as union members decide to leave the union.
D) Union wages and nonunion wages are likely to fall, since the law would prohibit unions, leading to an overall increase in the supply of labor.
Correct Answer:
Verified
Q203: Which three states are known for having
Q204: Which statement is TRUE about public- and
Q205: Which of these statements is TRUE?
I. In
Q206: Which of these statements is true?
I. Wisconsin
Q207: Which of these statements is TRUE?
I. José
Q209: What percentage of families with small children
Q210: In recent years, the United States has
Q211: All of these statements about pension trends
Q212: The future of jobs in the United
Q213: What types of industries have been outsourced
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents