Labor Unions Support the Minimum Wage Because

question 44

Multiple Choice

Labor unions support the minimum wage because

• A) the increased unemployment is good for labor.
• B) the value associated with the deadweight loss goes to labor unions.
• C) labor unions prefer to operate in black markets.
• D) it puts upward pressure on all wages.
• E) union members are usually paid the minimum wage.

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Definitions:

Annual Dividend

The total dividend payment a company decides to distribute to its shareholders annually.

Share

Represents an ownership portion in a corporation and entitles the holder to a part of the company's profits and assets.

Annual Dividend

The total dividend payments a company makes to its shareholders in one fiscal year.

Constant Rate

A fixed percentage or value that does not change over time.