When Labor Unions Successfully Bargain for Wage Rates That Are

question 354

Multiple Choice

When labor unions successfully bargain for wage rates that are _____ than the equilibrium wage rate, they may cause _____.

• A)lower; frictional unemployment.
• B)equal to; shortages in that labor market.
• C)higher than; an increase in structural unemployment.
• D)higher than; shortages in that labor market.

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Definitions:

Destructive

Causing harm or damage in a deliberate or negative way.

Pimps

Individuals who manage or exploit sex workers for financial gain, often using coercion or manipulation.

Madams

Women who manage or operate a brothel, overseeing the work and welfare of sex workers within the establishment.

Functionalist

Functionalist perspective is a sociological approach that emphasizes the way in which the parts of a society are structured to maintain its stability and functionality.