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Which of the following is the main outcome of a trade union's interference with the...

Economics
WAEC 2013

Which of the following is the main outcome of a trade union's interference with the wage rate? Wages are

  • A. lowered but more employment opportunities are created
  • B. lowered but employment level remains unchanged
  • C. increased and employment levels are unchanged
  • D. increased but employment levels are reduced
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Correct Answer: Option C
Explanation

Trade union's interference with wage rate are done mainly to advocate for higher and better wage rate for workers. The wage rate is increased while the employment rate increases or remains unchanged. 

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts