The Share of the Labor Force That Was Unionized Fell

question 130

Multiple Choice

The share of the labor force that was unionized fell from more than 30 percent in the 1950s to less than 15 percent in the 2000s. During this time period, the share of national income allocated to labor (in contrast to capital)

• A) decreased by approximately 10 percent.
• B) decreased by more than 15 percent.
• C) increased by 10 percent.
• D) was virtually unchanged.

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Definitions:

Global Trade War

A situation where countries impose tariffs or other trade barriers on each other in response to trade disputes, leading to reduced international trade.

Great Depression

A severe worldwide economic downturn that took place during the 1930s, leading to high unemployment and significant economic distress.

Retaliatory Tariffs

Taxes imposed by a country in response to similar taxes levied by another country, often used in trade disputes.

Imposing Tariffs

The act of applying taxes on imported goods to protect domestic industries.