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

question 7

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.

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Definitions:

Unemployment Rate

The proportion of the workforce that is unemployed and actively seeking work.

Structurally Unemployed

Unemployment resulting from industrial reorganization, typically due to technological change, rather than fluctuations in supply or demand.

Investment Banker

A professional within the banking sector who deals with raising capital for corporations, governments, or other entities by underwriting or acting as the client's agent in the issuance of securities.

Cyclical Unemployment

Unemployment that occurs due to fluctuations in the economic cycle, such as recessions.