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Brief Principles of Macroeconomics...

8th Edition
N. Gregory Mankiw
ISBN: 9781337091985

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BuyFindarrow_forward

Brief Principles of Macroeconomics...

8th Edition
N. Gregory Mankiw
ISBN: 9781337091985
Textbook Problem

Unionized workers are paid about _____ percent more than similar nonunion workers.

a. 2

b. 5

c. 15

d. 40

To determine

Increment for unionized workers.

Explanation

Option (c):

The economists who study the effects of unions typically find that unionized workers earn about 15 percent more than similar workers who do not belong to unions. Thus, option “c” is correct.

Option (a):

The unionized workers are paid about 15 percent more than similar nonunion workers. Thus, option “a” is incorrect...

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