There Is Little Evidence That Countries with High Union Membership

question 2

Multiple Choice

There is little evidence that countries with high union membership _______
, and also very little evidence that the reduction in U.S. union membership over time has brought _______ for the U.S. economy as a whole.

• A) tend to suffer economic damage as a result; broad benefits or costs
• B) have economically benefited; economics benefits
• C) have broader benefits as a result; economic damage
• D) tend to enjoy economic benefits as a result; harmful economic costs

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Definitions:

Consumers

Individuals or groups who use goods and services produced within an economy.

Producers

Producers are individuals or entities that create goods or services for sale or exchange, typically within an economy.

Purchasing Power Parity

An economic theory that compares different countries' currencies through a "basket of goods" approach to determine exchange rate effects on goods' prices.

Exchange Rate

The value of one currency for the purpose of conversion to another, indicating how much of one currency can be exchanged for one unit of another currency.