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:

Principle of Least Interest

A theory suggesting that in any relationship, the person who has the least interest in continuing the relationship holds the most power.

Membership Reference Group

A group of people to which an individual belongs or aspires to belong, influencing his or her attitudes, behaviors, and preferences.

Social Comparison

The process of comparing oneself to others in order to evaluate or enhance some aspects of the self.

Dissimilar to Ourselves

Describes things or individuals that are vastly different from our own characteristics, experiences, or beliefs.