Multiple Choice
If collective bargaining results in a surplus of labor in some industries,the resulting _____
A) increase in the demand for labor in the nonunion sector drives nonunion wages up.
B) decrease in the demand for labor in the nonunion sector drives nonunion wages down.
C) increase in the supply of labor in the nonunion sector drives nonunion wages down.
D) increase in the supply of labor in the nonunion sector drives nonunion wages up.
E) decrease in the supply of labor in the nonunion sector drives nonunion wages up.
Correct Answer:
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