For the Past Several Decades, Union Membership in the United

question 308

Multiple Choice

For the past several decades, union membership in the United States has been declining. What has been happening in the rest of the world?

• A) Union membership has been increasing in almost every other country.
• B) In almost every other nation, union membership has held constant.
• C) In most cases, union membership in other nations has also been falling.
• D) We do not know because other nations do not keep these statistics.

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Definitions:

Capital

Financial assets or resources that individuals or organizations use to fund their operations and invest in their businesses.

Unlimited Personal Liability

A legal obligation where an individual's personal assets can be used to satisfy the debts and liabilities of the business.

New Capital

Funds raised by a company through issuing new shares or debt to finance its business activities.

Hedge Funds

Investment funds that employ various strategies to earn active return, or alpha, for their investors, often requiring a large initial minimum investment and offering less regulation.