Asked by Autumn McKay on Jul 25, 2024
Verified
Suppose in some economy there are 100 million workers;8 million of those workers work in retail trade,and 2 million of the retail workers belong to unions.Total union membership in this economy is 30 million.The rate of unionization in the economy is:
A) 30 percent and the rate of unionization in retail trade in 20 percent.
B) 8 percent and the rate of unionization in retail trade is 2 percent.
C) 30 percent and the rate of unionization in retail trade is 25 percent.
D) 20 percent and the rate of unionization in retail trade is 25 percent.
Unionization Rate
The proportion of workers in a specific sector or economy who are members of a labor union.
Retail Trade
The sale of goods and services to consumers for personal or household use, typically conducted through stores, online platforms, or direct sales.
Total Union Membership
The sum of all individuals who are members of labor unions, representing workers in negotiations with employers regarding wages, working conditions, and other employment-related matters.
- Attain an understanding of the factors that determine unionization rates in different fields and job roles in the United States.
Verified Answer
KT
Katie TorresAug 01, 2024
Final Answer :
C
Explanation :
To calculate the rate of unionization in the economy, we divide the total union membership by the total number of workers:
30 million union members / 100 million workers = 0.3 or 30%
To calculate the rate of unionization in retail trade, we divide the number of unionized retail workers by the total number of retail workers:
2 million unionized retail workers / 8 million retail workers = 0.25 or 25%
Therefore, the correct answer is C, which states that the rate of unionization in the economy is 30% and the rate of unionization in retail trade is 25%.
30 million union members / 100 million workers = 0.3 or 30%
To calculate the rate of unionization in retail trade, we divide the number of unionized retail workers by the total number of retail workers:
2 million unionized retail workers / 8 million retail workers = 0.25 or 25%
Therefore, the correct answer is C, which states that the rate of unionization in the economy is 30% and the rate of unionization in retail trade is 25%.
Learning Objectives
- Attain an understanding of the factors that determine unionization rates in different fields and job roles in the United States.