Which of the Following Statements Is True for the U

question 498

Multiple Choice

Which of the following statements is true for the U.S. economy?

• A) Higher wages in the unionized sectors of the economy push up wages in the nonunion sectors as well.
• B) Inflation tends to accelerate when the proportion of the labor force that is unionized increases.
• C) Union workers currently receive wages that are 21 percent higher, on average, than similar nonunion workers.
• D) When we compare similar union and nonunion workers, we find virtually no difference in the wages they receive.