Asked by
Sergio Blanco
on Dec 10, 2024
Verified
Which of the following factors will reduce considerably the ability of a union to raise the wages of its workers?
A) An elastic demand for the goods produced by union labor.
B) A five-year apprenticeship before one can qualify for jobs held by union members.
C) High tariffs on goods produced by the union labor.
D) Favoritism in the allocation of government contracts to firms that employ union labor.
Elastic Demand
Describes a situation where the quantity demanded of a good or service significantly changes in response to changes in its price.
High Tariffs
Elevated taxes imposed on imported goods and services to protect domestic industries or to generate revenue.
- Apprehend how the presence of nonunionized firms and manufacturers from abroad affects the ability of unions to negotiate wages.
- Gain insight into the role of product market competition in union wage negotiations.
Verified Answer
AJ
Learning Objectives
- Apprehend how the presence of nonunionized firms and manufacturers from abroad affects the ability of unions to negotiate wages.
- Gain insight into the role of product market competition in union wage negotiations.