Which of the Following Is Not Correct

question 34

Multiple Choice

Which of the following is not correct?

• A)When a union is present in a labor market,wages may not be determined by the equilibrium of supply and demand.
• B)Like any cartel,a union is a group of sellers acting together in the hope of exerting their joint market power.
• C)When unions raise wages above equilibrium,the quantity of labor supplied decreases,and the quantity of labor demanded increases.
• D)Most workers in the U.S.economy are not members of a union.

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Definitions:

Sociologists

Scientists who study societies, focusing on patterns of social relationships, social interaction, and culture.

Religious Claims

Assertions or beliefs made based on faith or spirituality, often pertaining to the moral, ethical, or supernatural.

Scientifically Testable

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Agent of Socialization

An entity or structure within society that plays a crucial role in the process of socializing individuals, shaping their beliefs, behaviors, and norms.