There Is a Clear Consensus Among Economists That Unions Are

question 25

Multiple Choice

There is a clear consensus among economists that unions are

• A)good for the economy because they result in higher wages for most workers.
• B)good for the economy because they are a necessary antidote to the market power of employers.
• C)bad for the economy because they are cartels and therefore detrimental to an efficient allocation of resources.
• D)None of the above is correct;there is no clear consensus among economists about whether unions are good or bad for the economy.

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Definitions:

Sour Foods

Food items characterized by a sharp, acidic taste, often caused by a high concentration of hydrogen ions.

Observational Learning

A learning process where an individual acquires new behaviors, skills, or information by watching others, without direct personal experience.

Vicariously

Experiencing feelings or actions indirectly through another person, often through observation or hearing stories.

Reinforced

Strengthened or encouraged, often in the context of reinforcing a behavior through positive or negative reinforcement.