Unions face WHICH of the following problems ?
Correct answer: D. Loss of membership
- A. Antitrust laws
- B. Increasing white-collar membership
- C. Expansion of the manufacturing sector
- D. Loss of membership
Explanation
Trade unions may face declining membership as industries shrink, employment patterns change and unionisation becomes less common in some sectors. Expansion of manufacturing would generally strengthen rather than weaken their potential membership base.
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Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
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