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Compared to a competitive labor market workers participating in an inclusive union will enjoy:.A. Higher wages and more workers employed.

Compared to a competitive labor market workers participating in an inclusive union will enjoy:.A. Higher wages and more workers employed. B. Higher wages and fewer workers employed. C. Similar outcomes with respect to pay and employment.

3 Answers

A
Alycia Zemlak

Feb 20, 2025

.B. Higher wages and fewer workers employed.Explanation:An inclusive union will have all the workers in an industry in it. This means that the Union will have significant bargaining power with the companies in this industry. As a result they will push for greater employee welfare which will include higher wages.Higher wages will mean that the production cost for companies will increase as labor is an input in production. With this increase in production cost, producers will seek to reduce their costs and will employ less workers which will lead to this industry having higher wages and fewer workers employed.... Show More
A
Alycia Zemlak

Feb 20, 2025

answerblank(1) negatively.blank(2); rises; blank(3) falls;... Show More

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