When a Union Bargains Successfully with an Employer, What Happens

question 78

Multiple Choice

When a union bargains successfully with an employer, what happens to unemployment and wages in that industry?

• A) unemployment and wages increase
• B) unemployment and wages decrease
• C) unemployment decreases and wages increase
• D) unemployment increases and wages decrease

---

Definitions:

U.S. Dollar

The official currency of the United States, used as a standard monetary unit in international trade.

Foreign Exchange Market

A global decentralized or over-the-counter market for trading currencies, determining foreign exchange rates for every currency.

Organized Exchange

is a regulated marketplace where securities, commodities, derivatives, and other financial instruments are traded between members.

Physical Location

The tangible and geographic place where a business operates or a service is provided.