Which of the following is correct?
A)Minimum-wage laws are the predominant cause of unemployment in the U.S.
B)Right-to-work laws provide programs to train people who have lost their jobs due to sectoral shifts.
C)There's not much evidence that unemployment insurance reduces search efforts by the unemployed.
D)If an industry unionizes, it increases wages in that industry while decreasing wages in other industries.

Question

Quizplus · Accepted Answer

When an industry unionizes, it can increase wages in that industry due to collective bargaining. This can lead to a decrease in wages in other industries as the labor supply shifts, potentially increasing competition for jobs in non-unionized sectors.

Which of the Following Is Correct