Unions

question 5

Multiple Choice

Unions

• A)do not increase the natural rate of unemployment.
• B)do not raise the wages of workers in the union.
• C)raise the profits of firms they work for.
• D)cause wages of nonunionized workers to fall.

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Definitions:

Foreign Aid

Economic, military, or technical assistance given by one nation to another for purposes of relief and rehabilitation, economic stabilization, or mutual defense.

Sanctions

Measures taken by countries or international bodies to punish or restrict other nations in order to effect change in their behavior, typically for political, military, or economic reasons.

Economic

Refers to the science that studies how goods and services are produced, distributed, and consumed.

Economic Assistance

Financial aid provided by countries or international institutions to support the economic development and welfare of disadvantaged regions or countries.