Unions, Which Are Similar to Cartels, Restrict the Hiring of Workers

question 163

True/False

Unions, which are similar to cartels, restrict the hiring of workers to keep their wages high.

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Definitions:

Invisible Hand

A term coined by Adam Smith to describe the self-regulating nature of the marketplace, where individual self-interest beneficially contributes to societal welfare.

Tao Te Ching

A foundational text of Taoism, attributed to Laozi, emphasizing living in harmony with the Tao, or the fundamental nature of the universe.

Aggressive Measures

Actions or policies that are forceful and intended to achieve a particular outcome, often used in contexts like law enforcement or military strategy.

Shadowy Presence

An ambiguous or unclear force, entity, or influence that impacts events or situations without being directly observable or fully understood.