Which of the Following Is Not Correct

question 22

Multiple Choice

Which of the following is not correct?

• A)When a union is present in a labor market,wages are determined by the equilibrium of supply and demand.
• B)Like any cartel,a union is a group of sellers acting together in the hope of exerting their joint market power.
• C)The process by which unions and firms agree on the terms of employment is called collective bargaining.
• D)Most workers in the U.S.economy are not members of a union.

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Definitions:

Alternative Crops

Crops that are not the usual cash crops in a region, often introduced for diversification and risk reduction in agriculture.

Supply Curve

A graphical representation showing the relationship between the price of a good or service and the quantity of that good or service that suppliers are willing to produce and sell.

Weather Conditions

The state of the atmosphere at a specific time and place, including factors such as temperature, humidity, precipitation, and wind.

Mechanized Tomato Pickers

Automated or machine-operated equipment used in agriculture for harvesting tomatoes, enhancing efficiency and reducing the need for manual labor.