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:

Set Of Comparisons

A general term that could describe various statistical or evaluative processes aimed at comparing different sets of data or outcomes.

Familywise Error

The probability of making one or more Type I errors across multiple hypothesis tests.

Tukey Test

A statistical test used to compare the means of three or more groups to find out which ones significantly differ from each other.

Familywise Error

The probability of making one or more false discoveries, or type I errors, among all hypotheses when performing multiple comparisons.