"If a Union Is Only Able to Organize a Few

question 191

Multiple Choice

"If a union is only able to organize a few of the firms in an industry, it is unlikely that the union can substantially increase the wages of its members." This statement is

• A) false; unions tend to be stronger when they concentrate on only a few producers in an industry.
• B) false; the demand for unionized workers will be more inelastic if only a few firms in the industry are unionized.
• C) false; all unions can increase the wages of their members.
• D) essentially correct.

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Definitions:

Cortisol

Cortisol is a steroid hormone released by the adrenal glands, often in response to stress and low blood-glucose concentration.

Atrial Natriuretic Peptide

A hormone secreted by the heart's atria that regulates blood volume and pressure by reducing water, sodium, and adipose loads in the bloodstream.

Heart

A muscular organ in most animals, which pumps blood through the blood vessels of the circulatory system.

Organ

Structure formed by the organization of two or more different tissue types that carries out specific functions.