Which of the Following Do Unions Not Cause

question 30

Multiple Choice

Which of the following do unions not cause?

• A)frictional unemployment
• B)the wage to rise above the equilibrium level
• C)conflict between insiders who benefit from high union wages and outsiders who do not get the union jobs
• D)reduced wages in industries without unions

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Definitions:

Operating Loss

This occurs when a company's operating expenses exceed its gross profits, indicating that the business operations are not profitable.

Year 1

Indicates the first year of a specific period of time, operation, or accounting period, setting the baseline for subsequent years.

Net Operating Income

The profit a company makes from its core business operations, excluding deductions of interest and taxes.

Operating Loss

A loss incurred when a company's operating expenses exceed its gross profits or revenues, indicating that the core operations are not profitable.