What Does the Existence of Labor Unions Mean for the Labor

question 28

Multiple Choice

What does the existence of labor unions mean for the labor market and for unemployment?

• A) Wage rates could rise above equilibrium level.
• B) Wage rates could fall below equilibrium level.
• C) Unemployment could reach zero.
• D) Unemployment could grow to unsustainable levels.

---

Definitions:

Reports

Documents that present and analyze information or findings, often resulting from research, investigation, or an assessment, to communicate insights or recommendations.

Table

A set of data arranged in rows and columns that is used to organize information.

Secondary Data

Information that has been previously collected and is available for use by others, not originally gathered for the current research need.

Primary Data

Data collected directly through original research, such as surveys or experiments, providing firsthand information specific to the researcher's study.