There is a clear consensus among economists that unions are
A)good for the economy because they result in higher wages for most workers.
B)good for the economy because they are a necessary antidote to the market power of employers.
C)bad for the economy because they are cartels and therefore detrimental to an efficient allocation of resources.
D)None of the above is correct;there is no clear consensus among economists about whether unions are good or bad for the economy.

Question

Quizplus · Accepted Answer

While there are differing viewpoints among economists regarding unions, there is no clear consensus on whether they are inherently good or bad for the economy. Some argue that unions can result in higher wages for workers and improve working conditions, while others argue they function as cartels and can lead to inefficiencies in the allocation of resources. Ultimately, the impact of unions on the economy is complex and multifaceted, and depends on a variety of factors such as the specific industry and context in which they operate.

There Is a Clear Consensus Among Economists That Unions Are