Unions Can Cause Their Wages to Be High and Nonunion

question 155

Multiple Choice

Unions can cause their wages to be high and nonunion wages to be low by

• A)restricting membership to high-school graduates.
• B)restricting the supply of labor in unionized industries.
• C)getting state governments to pass laws setting wages.
• D)requiring nonmembers to have jobs before they can join the union.
• E)restricting the demand for labor in unionized industries.

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Definitions:

Salaried Manager

An employee who receives a fixed amount of compensation from an employer, typically on a monthly or yearly basis, regardless of the number of hours worked.

Risk

The exposure to the possibility of loss or damage as a result of a given action, decision, or event.

Franchisee

An individual or company that acquires the rights from a franchisor to operate a business under the franchisor's brand and system.

Salaried Manager

An individual in a managerial position who receives a predetermined, regular payment, typically on a monthly or bi-weekly basis, regardless of hours worked.