What Is an Industrial Effect of Unions on Pay Level

question 5

Multiple Choice

What is an industrial effect of unions on pay level?

• A) Union workers are paid lesser than nonunion workers on an average.
• B) Industries having highest union wage premium had the lowest employment decrease in the 1970s.
• C) Unions are able to bargain larger-than-normal increase in firms that created specific assets.
• D) Wage premiums come with cost to labor making the firms less profitable.

---

Definitions:

Regression Line

A line drawn through a scatter plot of data points that best expresses the linear relationship between those points.

Direction

Refers to the course along which something moves or faces, often used in statistical analysis to describe trends.

Slope

The slope represents the rate of change between two variables on a graph, indicating how much one variable changes for a unit change in another variable.

Criterion Variable

The dependent variable in a study that is predicted or explained by the independent variable(s).