Which of the Following Statements Best Describes Results of Research

question 22

Multiple Choice

Which of the following statements best describes results of research on the economic impact of unions?

• A) Overall, unions lead to reduced productivity in unionized workplaces.
• B) At the societal level, unions are associated with lower wage inequality.
• C) On average, they have virtually no effect on employees' wages.
• D) They generally lead to higher wages for members, but have no other real effect on working conditions or employment relationships.

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Definitions:

Net Welfare Loss

Describes the reduction in social welfare, often resulting from inefficiencies such as taxes, subsidies, tariffs, or monopolies, which distort market equilibrium.

Tariff

A tax imposed by a government on goods and services imported from other countries to protect domestic industries from foreign competition.

Restrictions

Limitations or constraints imposed on activities, actions, or movements, often by laws, regulations, or policies.

Government Revenue

The income received by the government from taxes, fees, fines, and other sources.