Which of the Following Correctly Describes the Trend in U

question 274

Multiple Choice

Which of the following correctly describes the trend in U.S. union membership?

• A) Union membership has been decreasing steadily since the 1930s.
• B) Union membership decreased from 1930 - 1960, but has been increasing steadily since.
• C) Union membership peaked in the 1960s and has been decreasing steadily since.
• D) Union membership declined until the 1980s, but has been increasing steadily since.

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Definitions:

Call Option

A financial contract that gives the holder the right, but not the obligation, to buy a specified quantity of an underlying asset at a predetermined price before a specified date.

Intrinsic Value

Intrinsic value refers to the actual value of a company, stock, currency, or product determined through fundamental analysis without reference to its market value.

Vertical Spread

An options trading strategy that involves buying and selling of two options of the same type and expiry date but different strike prices.

Time Spread

A strategy in options trading that involves buying and selling options on the same asset with the same strike price but different expiration dates.