Which of the following statements is TRUE?
A) Unions increase the wages of union workers at the expense of lower wages for nonunion workers.
B) Wages are high in the United States because there is a large presence of unionized workers.
C) The American Medical Association, unlike industrial unions, uses supply restrictions to increase the wages of its profession.
D) Britain's long period of economic prosperity from 1970 to 1982 resulted from rising unionization rates.
Correct Answer:
Verified
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