Multiple Choice
Which statement about unions is TRUE?
A) Laws allow unions to discriminate on the basis of gender and ethnicity.
B) Unions bargain for better working conditions at the cost of higher wages.
C) Unions cause a surplus of labor by bargaining for wages that are higher than the value of the marginal product of labor.
D) Unions cause compensating differentials.
Correct Answer:
Verified
Correct Answer:
Verified
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