Explanation There are many factors of production such as the land, labor, capital, machinery and so on. Labor is an important factor of production among them because it makes use of the available resources, and transforms the raw materials into the finished goods and services. Thus, productivity of the labor is also very important. The labor unions are the collective groups or the formal organizations of the labors in a firm, company or industry that exists in order to make collective bargaining with the employer about a wage hike in the economy, improvements in the working conditions, and other benefits for the employees and so on. Option (d): Labor unions plays an important role in determining the wages of labor and other rights of labor in the workspace. Thus, most of the labors will join the labor unions to protect their rights and wages. The state in the US that is marked for the highest proportion of labors enrolled as the union members is the New York...

The state with largest union membership.

Micro Economics For Today

10th Edition

ISBN: 9781337613064

Author: Tucker, Irvin B.

Publisher: Cengage,

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Question

Chapter 11, Problem 11SQ

To determine

The state with largest union membership.

Expert Solution & Answer

Similar questions

Do unions typically oppose new technology out of a fear that it will reduce the number of union jobs? Why or why not?
Does a gap between the average earnings of men and women, or between whites and blacks, prove that employers are discriminating in the labor market? Explain briefly.
What is a perfectly competitive labor market?
Table 14.10 shows levels of employment (Labor), the marginal product at each of those levels, and the price at which the film can sell output in the perfectly competitive market where it operates. What is the value of the marginal product at each level of labor? If the firm operates in a perfectly competitive labor market where the going market wage is 12, what is the films profit maximizing level of employment?

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