Which of the Following Statements Is TRUE

question 28

Multiple Choice

Which of the following statements is TRUE?

• A) Unions increase the wages of union workers at the expense of lower wages for nonunion workers.
• B) Wages are high in the United States because there is a large presence of unionized workers.
• C) The American Medical Association, unlike industrial unions, uses supply restrictions to increase the wages of its profession.
• D) Britain's long period of economic prosperity from 1970 to 1982 resulted from rising unionization rates.

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Definitions:

Insurance Policies

Contracts between an insurer and a policyholder that provide financial protection against loss or damage in exchange for premium payments.

Paid Vacation

An employment benefit that allows employees to enjoy a certain amount of paid time off, providing them with rest and recreation without loss of income.

More Than 100 Employees

A classification indicating that a business has exceeded the threshold of 100 employees, often marking a shift in regulatory, operational, and human resource requirements.

Family And Medical Leave Act

A U.S. federal law that grants eligible employees unpaid, job-protected leave for specified family and medical reasons.