There Is a Clear Consensus Among Economists That Unions Are

question 25

Multiple Choice

There is a clear consensus among economists that unions are

• A)good for the economy because they result in higher wages for most workers.
• B)good for the economy because they are a necessary antidote to the market power of employers.
• C)bad for the economy because they are cartels and therefore detrimental to an efficient allocation of resources.
• D)None of the above is correct;there is no clear consensus among economists about whether unions are good or bad for the economy.

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Definitions:

Native Americans

The indigenous peoples of the United States, including various tribes and nations, each with their own distinct cultures, languages, and histories.

Persecuted Protestants

Individuals or groups following Protestant Christianity who faced oppression, harassment, or violence because of their religious beliefs, historically and in various contexts worldwide.

Amsterdam

The capital city of the Netherlands, known for its historic canals, cultural heritage, museum district, and liberal attitudes.

Seventeenth Century

The century that spanned from January 1, 1601, to December 31, 1700, notable for significant cultural and political developments.