Which of the Following Is Not Correct

question 44

Multiple Choice

Which of the following is not correct?

• A)When a union is present in a labor market,wages are not 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)The process by which unions and firms agree on the terms of employment is called a strike.
• D)Most workers in the U.S.economy are not members of a union.

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Definitions:

Dividends

Payments made by a corporation to its shareholders, often derived from profits.

Bring Suit

To initiate a legal action against someone in a court of law.

Investment Securities

Financial instruments, such as stocks or bonds, in which individuals or entities can invest with the expectation of earning a return.

Transfer

The act of moving or conveying something from one place, person, or entity to another.