The experience of the Teamsters in the late 1970s and early 1980s suggests that
A) there are few restraints on the ability of a strong union to increase the wages of its members.
B) product market competition with goods made from (or services provided by) nonunion labor significantly limits the ability of a union to get increased wages for its members.
C) higher wages tend to stimulate aggregate demand, which makes it easier for a union to gain still higher wages.
D) wages are established by the relative skill of union and management negotiators, independent of market conditions.

Question

Quizplus · Accepted Answer

Product market competition with goods made from nonunion labor limits a union's ability to secure higher wages, as seen with the Teamsters.

The Experience of the Teamsters in the Late 1970s and Early