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.

---

Definitions:

Team Leaders

Individuals who are responsible for guiding, directing, and managing the dynamics and performance of a team to achieve set objectives.

External Environment

All outside factors and influences that impact the operations and success of an organization, including economic, legal, political, and social conditions.

Pay Increases

Adjustments made to an employee's salary to reflect performance, inflation, or changes in market rates.

High-Performance Outcomes

Refers to the achievement of significantly better results or performance levels than those set by standards or expectations.