The Introduction of a Union into an Industry

question 16

Multiple Choice

The introduction of a union into an industry

• A)raises wages and employment in that industry.
• B)lowers wages and employment in that industry.
• C)lowers wages and raises employment in that industry.
• D)raises wages and lowers employment in that industry.

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Definitions:

T-Bill Rate

The yield on U.S. Treasury bills, which are short-term government securities, serving as a benchmark for short-term interest rates.

Covariances

Covariance is a measure used in statistics to determine how much two random variables vary together.

Portfolio Variance

A measurement of the dispersion of returns of a portfolio, indicating the degree of investment risk.

Risky Securities

Financial instruments that carry a higher degree of uncertainty and a higher risk of loss, such as stocks.