What Negative Impacts Can Unions Have on Industries and the Economy

question 153

Multiple Choice

What negative impacts can unions have on industries and the economy?
I. They can initiate worker strikes and sit-ins which stall production.
II. By limiting the supply of labor in one industry they can cause an increased supply of labor in other industries, which causes lower wages in those industries.
III. They can limit firms to hiring only unionized workers, which could stop firms from hiring the labor with the most appropriate skills.

• A) I Only
• B) I and III only
• C) II and III only
• D) I, II and III

---

Definitions:

Iterative Method

An approach in computing where a sequence of operations is repeatedly applied to gradually approach a desired result.

Power of X

Power of X typically describes a mathematical operation where a number (X) is multiplied by itself a certain number of times.

Divide and Conquer

An algorithm strategy that breaks a problem into smaller parts, solves each part individually, and then combines the solutions.

Recursive Method

A method in programming that calls itself in order to solve a problem by breaking it down into smaller sub-problems.