Labor unions
a. are formed to increase members' wages and improve working conditions.
b. have represented a declining share of the workforce in the past 50 years.
c. have traditionally found it difficult to organize workers in white-collar jobs.
d. are characterized by all of the above.
d
You might also like to view...
When a nation experiences economic growth:
A) its production possibilities curve shifts outward. B) its production possibilities curve shifts inward. C) it has been able to reach full employment. D) it has moved to a more consumer-oriented position on its production possibilities curve.
The portion of consumer surplus that would have existed in a perfectly competitive market but is unobtainable by anyone in society under a monopoly is known as
A) monopoly profits. B) an unattainable surplus. C) a deadweight loss. D) an external cost.