Which statement is false regarding unions? a) With unions successfully raising wages for workers, it can also reduce overall employment. O b) When unions drive up wages for workers, it results in an incentive for firms to hire more workers. Oc) Unions drive up wages and benefits for workers by asserting market power over employers. d) It is possible that raising wages for union workers can lead to higher productivity than nonunion workers because union workers are more likely to stay on the job longer.

Microeconomics: Principles & Policy
14th Edition
ISBN:9781337794992
Author:William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:William J. Baumol, Alan S. Blinder, John L. Solow
Chapter19: Labor And Entrepreneurship: The Human Inputs
Section: Chapter Questions
Problem 7DQ
icon
Related questions
Question
Which statement is false regarding unions?
O a) With unions successfully raising wages for workers, it can also reduce overall
employment.
b) When unions drive up wages for workers, it results in an incentive for firms to
hire more workers.
OC) Unions drive up wages and benefits for workers by asserting market power
over employers.
O d) It is possible that raising wages for union workers can lead to higher
productivity than nonunion workers because union workers are more likely to
stay on the job longer.
Transcribed Image Text:Which statement is false regarding unions? O a) With unions successfully raising wages for workers, it can also reduce overall employment. b) When unions drive up wages for workers, it results in an incentive for firms to hire more workers. OC) Unions drive up wages and benefits for workers by asserting market power over employers. O d) It is possible that raising wages for union workers can lead to higher productivity than nonunion workers because union workers are more likely to stay on the job longer.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Input Substitution
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Microeconomics: Principles & Policy
Microeconomics: Principles & Policy
Economics
ISBN:
9781337794992
Author:
William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:
Cengage Learning
Microeconomic Theory
Microeconomic Theory
Economics
ISBN:
9781337517942
Author:
NICHOLSON
Publisher:
Cengage
Principles of Economics 2e
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
Principles of Microeconomics
Principles of Microeconomics
Economics
ISBN:
9781305156050
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning