Which of the Following Is the Consensus Among Economists with Respect

question 25

Multiple Choice

Which of the following is the consensus among economists with respect to unions?

• A)There is consensus among economists that unions are good for the economy.
• B)There is consensus among economists that unions are bad for the economy.
• C)There is consensus among economists that, on net, unions have almost no impact on macroeconomic variables.
• D)There is no consensus among economists about whether unions are good or bad for the economy.

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Definitions:

Secondary Storage

Technology that can store very large amounts of data for extended periods.

Data

Information collected, stored, and used for analysis or processing; can be quantitative or qualitative.

Program Instructions

Detailed steps and rules that tell a computer or system how to perform specific tasks or operations.

Primary Storage

The main storage area in a computing device, such as RAM, which is directly accessible by the CPU and stores data and applications currently in use.