Multiple Choice
Which of the following statements is true for the U.S. economy?
A) Higher wages in the unionized sectors of the economy push up wages in the nonunion sectors as well.
B) Inflation tends to accelerate when the proportion of the labor force that is unionized increases.
C) Union workers currently receive wages that are 21 percent higher, on average, than similar nonunion workers.
D) When we compare similar union and nonunion workers, we find virtually no difference in the wages they receive.
Correct Answer:
Verified
Correct Answer:
Verified
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