In 2015, About Percent of Employed Wage and Salary Workers

question 135

Multiple Choice

In 2015, about percent of employed wage and salary workers belonged to unions.

• A) 25.0
• B) 5.5
• C) 16.4
• D) 11.1

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Definitions:

Labor

A term referring to the human effort, both physical and mental, used in the production of goods and services.

Marginal Product

The extra output or benefit produced by using one more unit of a given input, such as labor or capital.

Labor

The effort by humans to produce goods or services in the economy. It is often considered one of the key factors of production alongside land and capital.

Capital

Refers to financial resources, assets, or funds a company or individual possesses for pursuing investment opportunities or operational activities.