As the percentage of the labor force belonging to a union fell in the United States during the 1955 through early 2000 period, the share of national income going to labor
a. increased 10 percent.
b. remained approximately the same.
c. decreased 10 percent.
d. decreased 20 percent.
B
Economics
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In a market-oriented economy, the choice between the production of consumer goods and physical capital is the result of decisions made by: a. the government
b. firms and the government. c. households and firms. d. the labor force.
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It is only among the least skilled and least experienced members of the labor force that minimum-wage laws cause unemployment
a. True b. False Indicate whether the statement is true or false
Economics