Data on the Relationship Between the Percentage of the Workforce

question 222

Multiple Choice

Data on the relationship between the percentage of the workforce unionized and the share of national income allocated to labor suggest that unionization has

• A) greatly altered the labor-capital distribution of national income.
• B) increased the share of national income allocated to labor.
• C) had a positive effect on the wages of nonunion workers.
• D) had no significant impact on the share of income going to labor.

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Definitions:

Disclosures

The act of making new or secret information known, typically in a formal report.

Financial Accounting Standards Board (FASB)

The private sector body given the primary responsibility to work out the detailed rules that become generally accepted accounting principles.

Securities and Exchange Commission (SEC)

A U.S. government agency that oversees securities transactions, activities of financial professionals, and the stock market to protect investors.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, culminating in net income or loss.