Data on the Relationship Between the Percentage of the Workforce

question 222

Multiple Choice

Data on the relationship between the percentage of the workforce unionized and the share of national income allocated to labor suggest that unionization has

• A) greatly altered the labor-capital distribution of national income.
• B) increased the share of national income allocated to labor.
• C) had a positive effect on the wages of nonunion workers.
• D) had no significant impact on the share of income going to labor.

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Definitions:

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Mistake

An erroneous belief, at contracting, that certain facts are true. It can be invoked as grounds to invalidate the agreement.

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Intentional false statement of fact made by one party to deceive and induce another to enter into a contract.

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