Which of the Following Is Not Correct

question 34

Multiple Choice

Which of the following is not correct?

• A)When a union is present in a labor market,wages may not be determined by the equilibrium of supply and demand.
• B)Like any cartel,a union is a group of sellers acting together in the hope of exerting their joint market power.
• C)When unions raise wages above equilibrium,the quantity of labor supplied decreases,and the quantity of labor demanded increases.
• D)Most workers in the U.S.economy are not members of a union.

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Definitions:

Substantive Conflict

A disagreement or discord arising from differences in ideas, definitions, perceptions, or goals within a group or organization.

Emotional Conflict

A state of inner turmoil or struggle caused by opposing or incompatible feelings, desires, or beliefs.

Interorganizational Conflict

Disputes or disagreements that arise between different organizations, often due to competing objectives or resources.

Global Rivals

Companies or entities that compete against each other across international markets and jurisdictions.