WAEC Economics 2013 Objective — Question 29
Question 29 of 50 from the West African Examinations Council (WAEC) Economics 2013 Objective paper, with the correct answer and a full explanation.
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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 reducedCorrect
Explanation
Trade union interference to raise wages increases the cost of labour, reducing demand for labour and so increasing unemployment.
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