Asked by Rebecca Groen on Jun 04, 2024
Verified
Suppose in some economy there are 100 million workers;10 million of those workers work in retail trade,and 1 million of the retail workers belong to unions.Total union membership in this economy is 40 million.The rate of unionization in retail trade is:
A) 1 percent.
B) 10 percent.
C) 40 percent.
D) 100 percent.
Unionization Rate
The proportion of workers who are members of a union within a particular industry or workforce.
Retail Trade
The selling of goods and services directly to consumers, including various formats such as brick-and-mortar stores and online sales.
- Identify the significance and repercussions of unions on wages, labor pool size, and employment rates.
- Gain an understanding of the arrangement and historical developments of union membership in the United States.
Verified Answer
ZK
Zybrea KnightJun 05, 2024
Final Answer :
B
Explanation :
The rate of unionization in retail trade can be calculated as follows:
Unionized retail workers/total retail workers x 100
1 million/10 million x 100 = 10%
Therefore, the correct choice is B) 10 percent.
Unionized retail workers/total retail workers x 100
1 million/10 million x 100 = 10%
Therefore, the correct choice is B) 10 percent.
Learning Objectives
- Identify the significance and repercussions of unions on wages, labor pool size, and employment rates.
- Gain an understanding of the arrangement and historical developments of union membership in the United States.