One World View Table Titled "Union Membership" Shows the Unionization

question 70

Multiple Choice

One World View table titled "Union Membership" shows the unionization rates for several countries including the United States.The decline in the U.S.unionization rate is the result of

• A)A relative decline in manufacturing.
• B)A relative decline in service industries.
• C)The growth of large firms relative to small firms.
• D)The decline in worldwide competition.

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Definitions:

Inflation Rates

The percentage rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling, usually measured over a specific period of time.

Inflation Rate

The percentage increase in the general price level of goods and services in an economy over a period of time, indicating the rate at which purchasing power is falling.

Money Demand

The desired holding of financial assets in the form of money; that is, cash or bank deposits.

Price Level

Price level is the average of current prices across the entire spectrum of goods and services produced in the economy, indicating inflation or deflation.