If a Union Achieves Above-Equilibrium Wages for Its Membership,the Wages

question 63

True/False

If a union achieves above-equilibrium wages for its membership,the wages of nonunion workers will generally suffer.

---

Definitions:

House Un-American Activities Committee

A committee of the U.S. House of Representatives, established in 1938, that conducted investigations into alleged disloyalty and subversive activities on the part of private citizens, public employees, and those organizations suspected of having Communist ties.

Paramount Decision

A 1948 United States Supreme Court decision that effectively broke up the studio trusts by forcing divestiture, the sale of the studios’ movie theaters.

Vertical Integration

A business practice where a company controls multiple stages of production, distribution, or both within the same industry, often to increase that company’s power in the marketplace.

Blind Bidding

A system in which theater owners were forced by the studios to bid on films without the benefit of exhibitor screenings.