The Allocative Efficiency Loss Associated with Unions Arises Because

question 11

Multiple Choice

The allocative efficiency loss associated with unions arises because:

• A)job losers in the union sector take away jobs from more productive workers in the nonunion sector
• B)the value of lost output in the union sector is greater than the value of any additional output in the nonunion sector
• C)the union wage rises above the value of marginal product while the nonunion wage falls below it
• D)job losers in the union sector are unqualified to work in the nonunion sector,so society loses their potential output

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Definitions:

Delusions of Reference

False beliefs that events, objects, or other people in the environment have a specific and unusual significance directly related to the person.

Hallucinations

Perceptions in the absence of external stimulus that have qualities of real perception, often seen in certain mental health conditions.

Poverty of Thought Content

A reduction in the quantity or quality of thoughts, characterized by speech that conveys little information due to vagueness or limited idea expression.

Loose Associations

A thought disorder characterized by disorganized thinking that jumps from one idea to another with little or no logical connection.