There Is a Clear Consensus Among Economists That Unions Are

question 25

Multiple Choice

There is a clear consensus among economists that unions are

• A)good for the economy because they result in higher wages for most workers.
• B)good for the economy because they are a necessary antidote to the market power of employers.
• C)bad for the economy because they are cartels and therefore detrimental to an efficient allocation of resources.
• D)None of the above is correct;there is no clear consensus among economists about whether unions are good or bad for the economy.

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Definitions:

Negative Affectivity

A personality dimension that encompasses a wide range of feelings and behaviors typically viewed as negative, such as sadness, anger, and nervousness.

Psychoticism

A personality pattern typified by aggressiveness and interpersonal hostility.

Schizotypal Personality Disorder

A mental health issue identified by extreme fear of social interactions, erratic thinking, suspiciousness, episodes of feeling disconnected from reality, occasional psychosis, and often unconventional beliefs.

Eccentric Thoughts

Unconventional or unusual thinking patterns that deviate from societal norms.