Asked by
Elijah Joseph
on Dec 10, 2024
Verified
As the percentage of the labor force belonging to a union fell in the United States during the 1955 through early 2000 period, the share of national income going to labor
A) increased 10 percent.
B) remained approximately the same.
C) decreased 10 percent.
D) decreased 20 percent.
Labor Force
The total number of people, including both the employed and unemployed, who are actively looking for work in an economy.
National Income
The total amount of money earned within a country from the production of goods and services over a specific period, typically one year.
- Evaluate the impact of union endeavors on the share of national income received by labor.
- Analyze the trends of union membership throughout history and their effects on economic outcomes.
Verified Answer
ML
Learning Objectives
- Evaluate the impact of union endeavors on the share of national income received by labor.
- Analyze the trends of union membership throughout history and their effects on economic outcomes.