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Volgvan
3 years ago
10

The effects of unionization on wages in the sectors of the economy that are unionized causes the supply of labor in other sector

s of the economy to
Business
2 answers:
Margarita [4]3 years ago
8 0

Answer: Reduce.

Explanation: Unions are organized groups of people working together to improve their work lives through collective bargaining.

Workers who belong to a union generally enjoy a higher wage level than workers who do not belong.

This disparity in wage levels causes workers to join unions and leave their low wage paying jobs.

The effect of this is that the supply of labor in other sectors of the economy will dwindle, as the unions will always bargain for a higher wage level, and when the corporations fail to comply, there will be no release of labor.

Harman [31]3 years ago
3 0

Answer:

Theoretically, unionization should cause a decrease in labor supply, but lately things aren't working that way.

Explanation:

As I said, in theory unions are good for workers, so people should try to become union members and therefore the supply of labor in non-unionized jobs should decrease.

But lately, only public servants and teachers want to be unionized. United Auto Workers (UAW) who represents workers in car and auto parts manufacturers has not succeeded in getting workers in non American car factories to join them. Honda started manufacturing cars in America almost 40 years ago, BMW's largest plant is in America, and in total foreign car manufacturers employ more than 100,000 Americans, and none are unionized.

Union membership in America is declining, around 6% of employees working for private companies are unionized, while only 10.5% of total workers including public employees are unionized.

Apparently what is theoretically right is not right in the real world. Private workers are running away from unions, so apparently they are not such a good idea after all.

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Market values: Group of answer choices reflect expected selling prices given the current economic situation. are affected by the
GenaCL600 [577]

Market values:  reflect expected selling prices given the current economic situation.

<h3>What is market value?</h3>

Market value is the price buyers are willing to pay for an asset in the marketplace. In the case of publicly-traded assets or entities, it is also known as market capitalization and is calculated by multiplying the current price by the number of outstanding units.

There are a few components that go into calculating the market value of some assets such as businesses and with real estate, it involves a lot more than knowing about share prices. The business market value determination can also take components such as the value of intangibles and the future value of related assets into consideration.

Market value is more than a price but denotes the true underlying and not only the perceived value.

Thus , the correct answer is that Market values is  reflect expected selling prices given the current economic situation.

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6 0
1 year ago
Procuring materials and refining those materials into finished projects to distribute to retail outlets are activities handled b
Tom [10]

Answer: Supply chain

Explanation:

The function of a company's supply chain is to take charge of the production of finished goods from raw materials, the distribution of the goods to various customers or retailers and also resolving customers complaints as regards the company's product.

4 0
3 years ago
Solutions Group managers suggest that clients consider doing a resonance test when designing advertising, because this will help
kipiarov [429]

Scenario 7-5) Solutions Group managers suggest that clients consider doing a resonance test when designing advertising, because this will help understand target consumers regarding their

a.recognition of the brand.

b.potential purchase of the brand.

c.emotional connection to the brand.

d.attitude changes about the brand

Answer:

Option C is correct

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This is used for measuring product experience of consumers on a particular brand. It tests products concept for emotional and functional design attributes such as consumer needs, believability(trust) and differentiation in level of product experience by customers.

6 0
3 years ago
Which is true about net worth?​
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The answer is d by the way
6 0
2 years ago
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Troy will receive $7,500 at the end of Year 2. At the end of the following two years, he will receive $9,000 and $12,500, respec
Pepsi [2]

Answer:

$33,445.44

Explanation:

The future value of an investment is its worth at a future date if the investment is done at a specific interest rate compounded yearly for certain number of years

It is computed as follows:

FV = PV (1+r)^n

FV = Future Value, PV = present value, r- interest rate, n- number of years

<em>Future value of $7500 after 3 years:</em>

FV = 7500× (1.08)^3 = 9,447.84

<em>Future Value of $9000 after 2 years:</em>

FV = 9000 × (1.08^2) = $10,497.6

<em>Future value of $12,500 after 1 year:</em>

FV = 12500× 1.08 = $13,500

The future value of these cashflows at the end of year 5

= 9,447.8 + 10,497.6 + 13,500

= $33,445.44

7 0
3 years ago
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