Exclusive unionism has the economic effect of

Question

Quizplus · Accepted Answer

Exclusive unionism refers to the practice of limiting membership in a union to only those workers who possess the specific skills needed for a particular job or industry. As a result, it decreases the supply of labor by excluding workers who may have similar skills but do not meet the union's requirements. This can lead to higher wages for union members, but it also limits the number of available workers, which could lead to increased demand for labor. However, in the long run, it can harm both workers and the industry as a whole by reducing the pool of available talent and potentially increasing costs. Therefore, option C is the correct answer.

Exclusive Unionism Has the Economic Effect of