Research indicates that on average, state government unions have
A) raised wages to 35 percent above nonunionized government workers.
B) reduce wages 20 to 30 percent below nonunionized private-sector and government workers.
C) raised wages about 100 percent above similar workers in the nonunion private sector.
D) have not significantly raised wages above similar workers in the nonunion sector.
Answer: A
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If we wanted to analyze the effects of a $2 unit tax graphically, we would shift the
A) supply curve upward by $2. B) supply curve downward by $2. C) demand curve upward by $2. D) demand curve downward by $2.
The marginal propensity to consume (MPC) is the change in consumption divided by the change in saving
a. True b. False Indicate whether the statement is true or false
The automobile, steel, and oil markets are all examples of:
A. perfectly competitive markets. B. monopolies. C. monopolistically competitive markets. D. oligopolies.
Compared with other countries in the OECD, U.S. government spending relative to GDP is
A. among the highest. B. slightly below average. C. about average. D. among the lowest.