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Which of the Following Statements Is TRUE

Question 160

Multiple Choice

Which of the following statements is TRUE?
I. The presence of a union will decrease the supply of labor.
II. Unions increase the wages of their members by reducing employment.
III. Countries with the highest unionization rates have the highest wage levels.


A) I and III only
B) II and III only
C) I only
D) II only

Correct Answer:

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