Which of the Following Explains the Recent Decline in Union

question 120

Multiple Choice

Which of the following explains the recent decline in union membership in the United States?

• A)smaller government safety nets
• B)slower technological change
• C)the change from a manufacturing to a service-based economy
• D)increasing market concentration
• E)none of the above

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Definitions:

Foreign-Currency Exchange

The trading of currencies from different countries against each other.

Quota

A government-imposed trade restriction that limits the number or monetary value of goods that can be imported or exported during a specific time period.

Tariff

A tax on goods produced abroad and sold domestically.

Exchange Rate

The price of one currency in terms of another, determining how much foreign currency can be obtained with a unit of domestic currency.