Which of the Following Is Not Consistent with the View

question 29

Multiple Choice

Which of the following is not consistent with the view of labor unions as a collective voice?

• A)Unions reduce job exiting.
• B)Labor productivity declines as a result of labor unions
• C)The worker turnover rate is reduced by labor unions.
• D)Workers feel more secure in their jobs as a result of labor unions.

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Definitions:

Sellers

Individuals or entities that offer goods or services for sale to consumers or other businesses, participating in economic transactions.

Tax

A compulsory financial charge or some other type of levy imposed by a governmental organization on individuals or entities to fund public expenditures.

Price

The sum of money needed to buy a product, service, or property.

Producer Surplus

The difference between the amount producers are willing to sell a good for and the higher price they actually receive.