All of the following are benefits of labor unions EXCEPT
A) unions reduce wage inequity.
B) unions increase the stability of the workforce.
C) unions give workers a political voice.
D) unions maximize employment for all workers.
Answer: D
Economics
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Framing often causes people to
A) violate expected utility theory. B) go to prison. C) fall afoul of the certainty effect. D) become risk-averse.
Economics
When consumers are less confident about their jobs or incomes, they are more likely to
A) reduce purchases of durable goods than nondurable goods. B) reduce purchases of nondurable goods and increase purchases of durable goods. C) increase investment spending and decrease consumption spending. D) increase consumption spending and decrease investment spending.
Economics