Economists Argue That the Union Wage Advantage

question 124

Multiple Choice

Economists argue that the union wage advantage

• A) has been estimated to be 100% in the private sector.
• B) in the private sector is a 4% increase in wages for union workers over nonunion workers.
• C) reached its height in 2000 in the private sector.
• D) has been close to zero since World War II in the private sector.

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Definitions:

Fractions

Fractions represent a part of a whole or, more generally, any number of equal parts.

Lowest Terms

Refers to a fraction that has been reduced to its simplest form, where the numerator and denominator are as small as possible and have no common factors other than 1.

Fractions

Mathematical expressions representing parts of whole numbers, typically made up of a numerator and a denominator.

Pounds

A unit of currency used in the United Kingdom and other British territories, also known as GBP (Great Britain Pounds).