The Effects of Unionization on Wages in the Sectors of the Economy

question 46

Multiple Choice

The effects of unionization on wages in the sectors of the economy that are unionized causes the supply of labor in other sectors of the economy to

• A)decrease,raising wages in industries that are not unionized.
• B)decrease,reducing wages in industries that are not unionized.
• C)increase,raising wages in industries that are not unionized.
• D)increase,reducing wages in industries that are not unionized.

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Definitions:

Normal Approximation

A method used in statistics to approximate a binomial distribution with a normal distribution when the sample size is large and the probability of success is not too close to 0 or 1.

Cumulative Binomial Probabilities

The sum of probabilities of achieving a given number of successes in a fixed number of Bernoulli trials.

Relative Frequency

The ratio of the number of times a specific value or event occurs to the total number of occurrences in a given dataset.

Population

The entire group of individuals or instances about whom the research is concerned.