Which of the Following Is Not Correct

question 520

Multiple Choice

Which of the following is not correct?

• A) Unions raise the wages above the level that would prevail in competitive markets.
• B) Unions reduce the quantity of labor demanded,cause some workers to be unemployed,and reduce the wages in the rest of the economy.
• C) Critics argue that the allocation of labor resulting from unions is both inefficient and inequitable.
• D) All of the above are correct.

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Definitions:

Debit Column

A column in financial statements and ledgers used to record and summarize debit transactions.

Worksheet

A document used in accounting to gather information from ledger accounts for use in preparing financial statements.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against a fixed asset since it was acquired and placed into service.

Balance Sheet

is a financial statement that provides a snapshot of a company's financial position at a specific point in time, detailing assets, liabilities, and equity.