There Is a Clear Consensus Among Economists That Unions Are

question 25

Multiple Choice

There is a clear consensus among economists that unions are

• A)good for the economy because they result in higher wages for most workers.
• B)good for the economy because they are a necessary antidote to the market power of employers.
• C)bad for the economy because they are cartels and therefore detrimental to an efficient allocation of resources.
• D)None of the above is correct;there is no clear consensus among economists about whether unions are good or bad for the economy.

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Definitions:

Cardiovascular Disease (CVD)

Disorders of the circulatory system, including coronary artery disease and stroke.

Stress

A physical or mental response to an external cause, such as environmental conditions or demanding circumstances, that can affect individuals' health and well-being.

Precipitate Heart Attacks

Sudden events where heart attacks are induced rapidly due to various risk factors, potentially resulting in immediate severe consequences.

Predictor of Heart Disease

Factors or conditions believed to increase the likelihood of developing heart-related illnesses, such as high blood pressure, cholesterol levels, and smoking.