Not All Similarly Skilled Workers Are Included in Unions

question 8

Multiple Choice

Not all similarly skilled workers are included in unions.As a result,wages for unionized workers tend to be ____ than for nonunion workers.Additionally,as a significant number of skilled workers seek work in the nonunion sector,the supply curve for nonunion labor shifts to the ____,thereby ____ wages for nonunion workers.

• A) higher; right; reducing
• B) higher; left; reducing
• C) lower; right; increasing
• D) lower; left; increasing

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Definitions:

Homemade Dividend

A concept where investors create their own dividend stream by selling a portion of their portfolio of equities instead of relying on company-issued dividends.

Dividend Policy

A company's stance on distributing profits back to shareholders in the form of dividends versus reinvesting them in the business.

Cash Flow

The total amount of money being transferred into and out of a business, considered essential for its health and operations.