The share of the labor force that was unionized fell from more than 30 percent in the 1950s to less than 15 percent in the 2000s. During this time period, the share of national income allocated to labor (in contrast to capital)
a. decreased by approximately 10 percent.
b. decreased by more than 15 percent.
c. increased by 10 percent.
d. was virtually unchanged.
D
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Which of the following statements is true regarding the government budget?
A) The government's budget has been in deficit since the 1960s. B) The government's budget has been in deficit since the 1960s except for a brief period since 2012. C) The government's budget was generally in surplus until the 1980s, then mostly in deficit since except for a brief period between 1998 and 2001. D) The government's budget was generally in deficit since the 1960s, except for a brief period between 1998 and 2001
All of the following countries come close to the free market benchmark except
A) Canada. B) Germany. C) North Korea. D) Singapore.