Answers CMS 2026-2027 Economics and Personal Finance CREDIT RECOVERY PretestQuestion 1

1

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Question 1 • CMS 2026-2027 Economics and Personal Finance CREDIT RECOVERY

If union contracts raise wages above competitive levels, what might be one negative outcome?

Answer

A

Employees will be content with their status and thus less likely to join unions.

B

Companies will move overseas to escape unions and hire cheaper labor.

C

Industries will raise salaries for top-level workers but not entry-level workers.

D

Inexperienced workers will lose their jobs to more experienced workers.

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