What was the overall trend of U.S. union membership beginning the 1960s? What was the main reason behind that trend?
What will be an ideal response?
Since the 1960s, union membership in the United States has declined as a percentage of the labor force, reaching about 12 percent today. The absolute number of union members has also declined recently. The main reason for the decline in union membership is the decline in manufacturing employment, which has traditionally accounted for a large share of total union membership.
You might also like to view...
Which of the following statements is correct?
A) A change in demand or supply can only be caused by a change in price. B) A simultaneous decrease in demand and increase in supply will result in an increase in equilibrium price and uncertain effect on quantity. C) If price is currently above equilibrium, market adjustments will result in a decrease in price and quantity supplied. D) An increase in supply invariably leads to a shortage in the affected market.
The transactions demand for holding money is when people hold money:
a. instead of near money. b. to transact purchases they expect to make. c. as insurance against unexpected expenses. d. to speculate in the stock market. e. to take advantage of changes in interest rates.
Economists feel that taxing nominal capital gains imposes costs on the economy due to
a. increased consumption. b. reduced consumption. c. increased investment. d. reduced investment.
What is the difference between price discrimination and predatory pricing?
What will be an ideal response?