Unions Contribute to

question 9

Multiple Choice

Unions contribute to

• A)frictional but not structural unemployment.
• B)structural but not frictional unemployment.
• C)both frictional and structural unemployment.
• D)neither frictional nor structural unemployment.

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Definitions:

Cost

The value of the financial resources expended to acquire or produce a product or service.

Selling Price

The amount of money for which a product or service is offered for sale to consumers.

Risks

The potential for losing something of value, which can be financial, physical, emotional, or otherwise, as a result of actions taken or events that occur.

Ownership

The state or fact of exclusive rights and control over property, which can be an object, land/real estate, intellectual property, or some form of rights to assets.