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Which of these statements is TRUE?
I. In general, the union wage differential is 10% to 20% above those of nonunion members.
II. The union wage differential varies substantially across employment sectors.
III. Union wage effects are most pronounced among blue-collar workers.
Behavioral Perspective
An approach to psychology that focuses on observable behaviors and the ways in which they are learned.
Observable Responses
Measurable actions or reactions of an organism in response to external or internal stimuli.
Conscious Processes
Mental activities of which an individual is aware, involving perception, thinking, and remembering.
Hindsight Bias
The tendency to believe, after learning an outcome, that we would have foreseen it. (Also known as the I-knew-it-all-along phenomenon.)
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