Which of the following is true about labor union effects on labor markets?
A) The higher wages in the union sector tend to elevate wages indirectly across all sectors of the labor market
B) Union labor tends to be less productive because the union protects its workers from discipline or firing
C) Approximately 90% of the wage difference between union and nonunion workers is due to the higher quality of union workers
D) Labor unions have no documented impacts on labor markets because they are subject to the same labor market forces that other firms face
Correct Answer:
Verified
Q39: A monopsonist is a firm which
A)is a
Q40: In general, when a test is less
Q41: The marginal factor cost of the
Q45: The competitive labor market model suggests that
Q46: The diagram below shows the labor market
Q47: If Alex seeks to maintain a constant
Q48: If the value of your marginal product
Q49: According to the textbook, proponents of minimum
Q51: The questions below are based on
Q51: The questions below are based on
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents