How do labor unions affect the economy?
They decrease demand by opposing low prices.
They decrease demand by opposing low prices.
They increase supply by keeping workers healthy.
They increase supply by keeping workers healthy.
They decrease supply by increasing worker wages.
They decrease supply by increasing worker wages.
They increase demand by ensuring ethical production.
They also increase demand by ensuring that workers have higher wages, which can lead to higher consumer spending. Additionally, labor unions can lead to improved working conditions and increased productivity, which can benefit the overall economy. Overall, labor unions can have a complex and varied impact on the economy, depending on the specific circumstances and industry involved.
which of the following answers are correct
The correct answers are:
- They increase supply by keeping workers healthy.
- They increase demand by ensuring ethical production.
- They also increase demand by ensuring that workers have higher wages, which can lead to higher consumer spending.
- Labor unions can lead to improved working conditions and increased productivity, which can benefit the overall economy.
theres only one correct answer
Apologies for the confusion. The correct answer is:
- They increase demand by ensuring ethical production.
Labor unions can impact the economy positively by ensuring that workers are treated fairly and ethically, which can lead to increased demand for products and services produced by companies with ethical practices. Thank you for pointing out the error.