Which Area of the Economy Has Seen Increases in Union

question 25

Multiple Choice

Which area of the economy has seen increases in union membership since the early 1970s?

• A) the information economy
• B) the manufacturing sector
• C) the public sector
• D) the private sector

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Definitions:

Retirement Savings Plan (RSP)

A financial arrangement designed to help individuals save for their retirement.

Investments

Financial assets purchased with the expectation that they will generate income and/or appreciate in the future.

Compounded Annually

Calculating interest on the initial principal, which includes any accumulated interest from previous periods, once per year.

Contributions

Money that is given or paid into a fund or a plan, often used in contexts of pensions, insurance, and investments.