One on the Most Significant Impacts of Unions Is Their

question 43

Multiple Choice

One on the most significant impacts of unions is their ability to raise wages above the levels paid to nonunionized workers. What is this an example of?

• A) monopoly effect
• B) spillover effect
• C) union effect
• D) threat effect

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Definitions:

Fallacy

An error in reasoning that renders an argument invalid or leads to an incorrect conclusion.

Argument's Premises

The foundational statements or propositions upon which an argument is based and from which conclusions are drawn.

Gambler's Fallacy

The erroneous belief that if something occurs more frequently than normal during a given period, it will happen less frequently in the future, or vice versa.

Legal Standards

Accepted principles that guide behavior and proceedings within legal cases.