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Suppose a Labor Union Is Able to Effectively Negotiate Higher

Question 70

Multiple Choice

Suppose a labor union is able to effectively negotiate higher wages for its members and is able to prevent the firm from hiring new workers at a lower wage. The best explanation for this is


A) the minimum-wage explanation.
B) the job-search explanation.
C) the discouraged-worker explanation.
D) the insider-outsider explanation.
E) the efficiency-wage explanation.

Correct Answer:

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