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Consider a Labor Union:

1. What are the advantages of having a Labor Union for the Employees?

2. What are the disadvantages of having a Labor Union for the Employees?

3. What are the advantages of having a Labor Union for Consumers and society?

4. What are the disadvantages of having a Labor Union for Consumers and society?

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Darryn D'Souza
Darryn D'SouzaLv10
28 Sep 2019

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Related questions

Why do some college professors join a union? What are the advantages or disadvantages of campus unionization?

 a. What are the advantages and disadvantages of a currency union b . Describe the theory of optimum currency areas

1. The percentage of the labor force that belongs to a union is known as the:

a) Union share ratio.

b) Unionization ratio.

c) Union participation ratio.

d) Unionized percentage ratio.

2. The equilibrium wage rate is determined by:

a) Individuals but not firms.

b) Market labor supply and market labor demand.

c) Labor unions.

d) Firms but not individuals.

3. The effect of union exclusion of non-union workers is to:

a) Increase the shortages of non-union workers.

b) Reduce the wages of non-union workers.

c) Increase the number of jobs for non-union workers.

d) Increase the surplus of union workers.

4. A market with one buyer and one seller is a:

a) Bilateral monopsony.

b) Multiopoly.

c) Bilateral monopoly.

d) Multilayer monopoly.

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