In the face of declining demand,unions usually tend to favor laying off workers rather than lowering wages.Which of these factors would not explain why this occurs?
A) Workers with less seniority are laid off first.
B) Union leaders are elected by majority vote.
C) Lay-offs usually only affect a small fraction of the work force.
D) Most union members are willing to lose their jobs rather than accept even a small cut in wages.
Correct Answer:
Verified
Q21: If all employers pay an efficiency wage,then
Q22: If workers for a firm have mainly
Q23: Unemployment insurance in the United States is
Q24: What is structural unemployment? How does structural
Q25: A researcher observes that more generous unemployment
Q27: How is unemployment defined in the United
Q28: Theoretically,existence of generous unemployment insurance will
A) reduce
Q29: What is the reservation wage? How does
Q30: What is the replacement rate of unemployment
Q31: Unemployment tends to go up when aggregate
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents