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A publication of the United Auto Workers (a large labor union) stated, "There is accumulating evidence that unionized workers are more productive than nonunion workers and that unionization raises productivity in an establishment. This suggests that employers and American society generally should take a much more positive approach to unionism and collective bargaining." Comment on this quotation using the evidence from labor economics on the economic impact of unions.
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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