Which of the Following Correctly Supports the Argument for the Presence

question 7

Multiple Choice

Which of the following correctly supports the argument for the presence of unions in an industry?

• A)Unions counteract the monopsony power of big firms in the labor market.
• B)As a result of negotiations by unions,employment in the industry is higher than it would have been without a union.
• C)Any inefficiency arising from the presence of a union is outweighed by the benefits of unions.
• D)The presence of unions does not lead to a deadweight loss in the labor market.

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Definitions:

Low Cost Strategy

A competitive approach adopted by businesses focusing on maintaining the lowest operational costs to offer lower prices than competitors.

Recruiting Objective

A defined goal or target that a company aims to achieve through its hiring processes, such as acquiring talents that fit specific job roles.

Lateral Transfers

The movement of an employee from one position to another of equal rank and pay within the same organization, often to gain diverse experiences.

Gardening Club Newsletter

A publication produced by a gardening club to provide its members with updates, tips, and news related to gardening activities.