Which of the Following Correctly Explains the Reason for the Decline

question 9

Multiple Choice

Which of the following correctly explains the reason for the decline in union membership in the U.S.post 1970s?

• A)The implementation of minimum wage laws that force employers to compensate low-skilled workers more.
• B)The fall in elasticity of demand for the products of certain industries,leading to an increase in the elasticity of the labor input.
• C)The irrelevance of union membership in technology sectors where demand for workers outstrips supply.
• D)The increase in labor supply due to a large number of baby boomers entering the workforce.

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Definitions:

Promisor

An entity or individual who makes a promise to perform a certain action or duty within a contract.

Promisee

The person to whom a promise or agreement is made, especially in a contract.

Age of Majority

The legal age at which an individual is considered an adult and capable of making legal decisions for themselves, such as entering into contracts and voting, varying by jurisdiction.

New Consideration

Additional or different consideration offered in a contract, beyond what was initially agreed upon, often required for the enforcement of modifications or new agreements.