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