Multiple Choice
Which of the following statements 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
Q53: When a person becomes better educated and
Q86: The category "compensation of employees" doesn't capture
Q105: A backward-bending supply curve of labor shows
Q240: A wage _ raises the quantity of
Q241: Alex's wage rate falls. Holding everything else
Q245: Use the following to answer questions:<br>Figure: Equilibrium
Q246: While reading the local newspaper, you notice
Q246: The value of the marginal product is
Q247: Use the following to answer questions:<br>Figure: The
Q249: Use the following to answer questions:<br>Figure: Joanna's