Multiple Choice
Which of the following is most likely to be associated with a strong union?
A) The demand for the products produced by the unionized labor is highly elastic.
B) There are few good substitutes for the products produced by the unionized labor.
C) It is easy to substitute capital for the labor of the union members.
D) Union labor composes a large proportion of the total cost of the product that they help produce.
Correct Answer:
Verified
Correct Answer:
Verified
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