If a firm is a union shop, then
A) a worker may elect to either join or not join the union.
B) only workers who have been union members for two years may be employed.
C) only union members may be employed by the firm.
D) a non-union worker may be hired but must join the union within a certain time period.
D
You might also like to view...
In its most ideal form, a price system allows
A) firms to act in such a way that they eliminate scarcity. B) consumers to satisfy all their wants. C) resources to move from lower-valued uses to higher-valued uses through voluntary exchange. D) government policy makers to allocate resources to the uses which they consider to be in the best interests of society.
If an unanticipated increase in aggregate demand results in an output beyond the economy's long-run capacity, long-run equilibrium will eventually be restored by
a. an increase in the economy's productive capacity (LRAS shifts to the right). b. higher resource prices, an increase in SRAS, and a decrease in the general level of prices. c. higher resource prices, a decrease in SRAS, and an increase in the general level of prices. d. a decrease in the natural rate of unemployment.
The elimination of import restrictions will
A. Redistribute income from import-competing industries to export industries. B. Redistribute income from domestic to foreign producers. C. Alter the mix of output from export industries to import-competing industries. D. Alter the mix of output from export industries toward domestic industries.
Boyce Dynamics, a U.S. maker of LED flashlights, fills unsolicited orders from foreign buyers. It has not proactively investigated international trade options. Boyce Dynamics is best categorized as a ________.
A) regular exporter B) non-exporter C) sporadic exporter D) domestic exporter