Sometimes Unions Can Raise Wages Above What Productivity Increases Would

question 154

Multiple Choice

Sometimes unions can raise wages above what productivity increases would permit. When this happens, we can be sure that

• A) the employment of union workers is increasing.
• B) some union workers end up losing their jobs.
• C) there is a redistribution of income from union workers to nonunion workers.
• D) featherbedding will occur.

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Definitions:

Suppliers

Entities that provide goods or services to another entity, typically within a supply chain, to assist in the production of final products or services.

Expected Monetary Value

A statistical technique in decision-making that calculates the average outcome when the future includes scenarios that may or may not happen.

Disaster Risk

The potential loss or damage that could result from the interaction of natural or human-made hazards with vulnerable conditions.

Suppliers

Businesses or individuals that provide goods or services to another entity along a supply chain, playing a vital role in production and distribution processes.