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:

SNAP Program

The Supplemental Nutrition Assistance Program, a federal aid program that provides food-purchasing assistance for low- and no-income people living in the United States.

Medicare

A federal health insurance program in the United States for people aged 65 and older, as well as for some younger people with disabilities.

Social Security System

A government program that provides financial assistance to people with insufficient or no income, typically covering the elderly, disabled, and unemployed.

Unemployment Compensation

A state government transfer program that pays cash benefits for a certain period of time to laid-off workers who have worked for a specified period of time for a covered employer.