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Labor Unions and Collective Bargaining
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Labor Unions and Collective Bargaining
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12. Unemployment and Inflation / Labor Unions and Collective Bargaining / Problem 7
Problem 7
What is the impact of unionized labor on the marginal production of labor?
A
It increases due to higher skill levels of unionized workers.
B
It remains unchanged as unionization has no effect.
C
It fluctuates unpredictably with no clear trend.
D
It decreases because unionized workers are less productive.
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