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1.6.5 The Influence of trade unions in determining wages and levels of employment

What does a trade union do in the labour market?

A

A trade union hires workers individually to reduce wages and increase working hours.

B

A trade union sets prices for firms to increase profits and reduce employment.

C

A trade union bargains collectively to raise wages and improve working conditions.

D

A trade union restricts workers from changing jobs to increase labour market competition.

1.6.5 The Influence of trade unions in determining wages and levels of employment Flashcards

  1. A Level
  2. /Economics
  3. /1.6.5 The Influence of trade unions in determining wages and levels of employment

Flashcards for AQA A Level Economics 1.6.5 The Influence of trade unions in determining wages and levels of employment, covering the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3. 20 cards, matched to the AQA A Level Economics (7136) specification.