There Is a Clear Consensus Among Economists That Unions Are

question 25

Multiple Choice

There is a clear consensus among economists that unions are

• A)good for the economy because they result in higher wages for most workers.
• B)good for the economy because they are a necessary antidote to the market power of employers.
• C)bad for the economy because they are cartels and therefore detrimental to an efficient allocation of resources.
• D)None of the above is correct;there is no clear consensus among economists about whether unions are good or bad for the economy.

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Definitions:

Line Drawing

An artistic technique involving making pictures or diagrams with lines on a surface to represent objects, scenes, or situations.

Gestalt Principle

A theory in psychology that proposes the human brain organizes visual elements into groups or unified wholes when certain principles are applied.

Symmetrical Figures

Shapes or forms where both halves are mirror images of each other, often found to be aesthetically pleasing.

Sensory Adaptation

The method through which sensory detectors reduce their sensitivity to unchanging stimuli as time progresses.