To the Extent That Unions Can Transfer Profits from Unionized

question 79

Multiple Choice

To the extent that unions can transfer profits from unionized employers to union workers, they will

• A) reduce the incentive of unionized employers to invest in fixed capital and research.
• B) increase employment in the unionized sector.
• C) reduce the incentive of nonunion firms to invest and expand their output.
• D) increase the productivity of labor in the long run.

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Definitions:

Placebo Effect

A beneficial effect, produced by a placebo drug or treatment, that cannot be attributed to the properties of the placebo itself, and must instead be due to the patient's belief in that treatment.

Surgery

A branch of medicine that involves the treatment of diseases, injuries, and deformities by manual and instrumental techniques.

Injections

A medical procedure involving the administration of medication or other substances directly into the body through a needle and syringe.

Therapeutic Intervention

A planned action or process intended to improve health and well-being through medical, counseling, or psychological methods.