Use the Information Below to Answer the Following Questions

question 13

Multiple Choice

Use the information below to answer the following questions.
Fact 18.3.1 In Modern Rarity, Workers Form Union at Small Chain
In New York's low-income neighbourhoods, labour unions have virtually no presence. But after a year-long struggle, 95 workers at a chain of 10 sneaker stores have formed a union. After months of negotiations, the two sides signed a three-year contract that sets the wage rate at $7.25 an hour.
Source: The New York Times, February 5, 2006
-Refer to Fact 18.3.1. Labour unions are scarce in New York's low-income neighbourhoods because there are

• A)a great number of low-skilled workers, which makes it more difficult for a union to organize and influence them.
• B)too few employers, which makes forming a labour union an inefficient use of time.
• C)many immigrants, who do not support unions.
• D)many workers who are satisfied to earn minimum wage, which they can do without help from a labour union.
• E)so many unemployed people who are thankful for a job regardless of the working conditions.

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Definitions:

Competitive Market

A market structure characterized by a large number of buyers and sellers, where no single entity can influence the market price.

Positive Profits

Financial gains that exceed the costs and expenditures incurred in generating revenue.

Demand Fluctuates

The variability in consumer desire to purchase goods or services over time, often affected by seasons, trends, or economic conditions.

Stocks

Shares of ownership in a company that represent a claim on the company's earnings and assets.