Which of the Following Is Correct

question 5

Multiple Choice

Which of the following is correct?

• A)In unionized industries,wages are above the level that would prevail in competitive markets.
• B)The introduction of a union in some industry reduces the quantity of labor demanded in that industry,causes some workers in that industry to be unemployed,and reduces wages in the rest of the economy.
• C)Critics argue that the allocation of labor resulting from unions is both inefficient and inequitable.
• D)All of the above are correct.

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Definitions:

Max Weber

A German sociologist, philosopher, and political economist known for his theories on the structure of society, the nature of authority, and the role of religion in capitalism.

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A classification of different forms of authority and influence, ranging from coercive to soft power, used to analyze dynamics within societies.

Coercive Power

Power that is backed by the threat of force.

Football Coach

An individual responsible for directing, training, and leading a football team, emphasizing strategies, techniques, and physical fitness.