What negative impacts can unions have on industries and the economy? I. They can

Question

What negative impacts can unions have on industries and the economy?
I. They can initiate worker strikes and sit-ins which stall production.
II. By limiting the supply of labor in one industry they can cause an increased supply of labor in other industries, which causes lower wages in those industries.
III. They can limit firms to hiring only unionized workers, which could stop firms from hiring the labor with the most appropriate skills.

Select one:

a. I and III only

b. II and III only

c. I, II and III

d. I Only

Explanation / Answer

Ans. is -C. I, II and III

So,As job cartels, unions attempt in accordance with monopolize the job furnished according to a enterprise or an enterprise of kilter to force employers in accordance with pay higher wages. In it respect, it feature kind of some vile combine yet have the same effects over the economy. Cartels advantage theirs participants in the brief lead yet harm the common economy.

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