An Increase in the Percentage of the Labor Force That

question 160

Multiple Choice

An increase in the percentage of the labor force that is unionized will cause average wages for all workers to rise because

• A) union labor is more productive.
• B) profit levels are lowered to increase wages.
• C) strike threats promote wage increases.
• D) This is a trick question because greater unionization does not imply higher average wages.

Understand the concept of rent-seeking and its implications on society.

Analyze the consequences of government policies that socialize losses and privatize gains.

Explore the special-interest effect and its impact on economic policy and society.

Recognize the unintended consequences of government regulations and their effects on the economy.

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A unique or innovative perspective or approach towards goals, challenges, or projects.

High School Seniors

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A professional path that is perceived to have a lower probability of failure or loss.