Which of the Following Statements Is TRUE

question 28

Multiple Choice

Which of the following statements is TRUE?

• A) Unions increase the wages of union workers at the expense of lower wages for nonunion workers.
• B) Wages are high in the United States because there is a large presence of unionized workers.
• C) The American Medical Association, unlike industrial unions, uses supply restrictions to increase the wages of its profession.
• D) Britain's long period of economic prosperity from 1970 to 1982 resulted from rising unionization rates.

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Definitions:

Corporate Social Responsibility

Corporate social responsibility is a business model where companies integrate social and environmental concerns in their operations and interactions with stakeholders.

Contamination

The presence or introduction of harmful or undesired substances, making something impure or unsuitable for use.

Lax Regulation

Refers to regulatory policies that are not strict or rigorous, often leading to lessened supervision over activities.

Clean Air Act

U.S. legislation aimed at reducing and controlling air pollution by setting limits on emissions from both stationary and mobile sources.