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:

Volatility

A statistical measure of the dispersion of returns for a given security or market index, often used to quantify the risk of the security or market.

Ether

is a class of organic compounds characterized by an oxygen atom connected to two alkyl or aryl groups, historically used as an anesthetic.

Lysol

A brand of cleaning and disinfecting products known for effectively killing bacteria and viruses.

Infectious Diseases

Infectious diseases are disorders caused by pathogenic microorganisms such as viruses, bacteria, fungi, or parasites that can be spread, directly or indirectly, from one individual to another.