WAEC - Economics (2013 - No. 25)
Which of the following is the main outcome of a trade union's interference with the wage rate? Wages are
lowered but more employment opportunities are created
lowered but employment level remains unchanged
increased and employment levels are unchanged
increased but employment levels are reduced
Wyjaśnienie
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.