Which of the Following Is Correct

question 33

Multiple Choice

Which of the following is correct?

• A)In unionized industries,wages are below the level that would prevail in competitive markets.
• B)The introduction of a union in an industry increases the quantity of labor demanded in that industry,causes some workers in that industry to be unemployed,and increases wages in the rest of the economy.
• C)Critics argue that the allocation of labor resulting from unions is both inefficient and inequitable.
• D)All of the above are correct.

Recognize the influence of social and environmental factors on the timing and progression of puberty.

Gain insight into key psychosocial tasks and conflicts during adolescence according to Erik Erikson’s theory.

Understand Kohlberg’s theory of moral reasoning and its stages.

Identify the significance of peer influence during adolescence and its impact on behavior.

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Definitions:

Economic Depression

A prolonged period of significant decline in economic activity across an economy, characterized by high unemployment rates, low output, and a contraction in spending and investment.

Mixed Economy

An economic system blending elements of market, command, and traditional economies, featuring both private and public ownership of resources.

Public Enterprises

Government-owned organizations that operate in the commercial sector, intending to provide public services or generate revenue.