Multiple Choice
Suppose in some economy there are 100 million workers; 10 million of those workers work in retail trade, and 1 million of the retail workers belong to unions. Total union membership in this economy is 40 million. The rate of unionization in retail trade is
A) 1 percent.
B) 10 percent.
C) 40 percent.
D) 100 percent.
Correct Answer:
Verified
Correct Answer:
Verified
Q72: The monopsonist in a nonunionized labor market
Q73: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" A firm's labor
Q74: Which of the following is an explanation
Q75: If the wage rate in a purely
Q76: The principal-agent problem in labor markets arises
Q78: The basic explanation for high real wages
Q79: In 2018, food workers had a much
Q80: One clear effect of labor unions is
Q81: Other things constant, which of the following
Q82: Commissions or royalties may be an inexpensive