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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