What Is Suggested by a Comparison of Wages and Benefits

question 35

Multiple Choice

What is suggested by a comparison of wages and benefits of unionized workers with those of non-union workers with similar qualifications and performing similar jobs?

• A) Union workers have higher wages but non-union workers have better benefits.
• B) Union workers tend to have both higher wages and better benefits.
• C) Non-union workers have both higher wages and better benefits.
• D) Non-union workers have higher wages but union workers have better benefits.

---

Definitions:

Interest Rates

The cost of borrowing money or the compensation for the service and risk of lending money, usually expressed as a percentage rate over a period of time.

Cyclical Unemployment

Unemployment that arises during downturns in the business cycle, particularly during recessions, when there is insufficient demand for goods and services.

Unemployment Rate

The proportion of the workforce that is unemployed and actively seeking work.

Structurally Unemployed

Unemployment resulting from industrial reorganization, typically due to technological change, rather than fluctuations in supply or demand.