alleryStart learning →A labor union seeks to change the balance of power between workers and:
AShareholders
BEmployers
CConsumers
DRegulators
Answer & Solution
Correct answer: B. Employers
1. A union exists to shift bargaining power.
2. A labor union seeks to change the balance of power between employers and workers.
3. It does so by requiring employers to deal with workers collectively.
4. That is instead of dealing with them as individuals.
_Source: OpenStax Principles of Microeconomics for AP Courses 2e (CC BY 4.0), Ch 15 'Labor Markets and Income'_
Keep practising Labor Markets and Income
Browse all Labor Markets and Income questions for AP Microeconomics, or explore more Economics topics.
Related questions
Complete the union storyTap what belongs to each sideOrder the union bargaining chainTrue or false: labor marketsMatch each labor market termLabor markets are described as one example of a broader category, namely:A union that wins higher wages without any productivity gain raises the firm's:The 15,080 dollars earned at full-time minimum wage was compared with a 2016 public univer