Negotiations between the management of a company and the management of a union for the purpose of setting a mutually agreeable contract on wages, fringe benefits and working conditions for all employees in a union is know as
A. an industrial union.
B. a closed shop.
C. a union shop.
D. collective bargaining.
Answer: D
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Indicate whether the statement is true or false
When Americans increase their demand for Japanese goods
A) the demand for dollars will rise, and the demand for yen will rise. B) the supply of dollars will rise, and the demand for yen will rise. C) the demand for dollars will fall, and the demand for yen will rise. D) the supply of dollars will fall, and the demand for yen will fall.
Entrepreneurship refers to
What will be an ideal response?
If the financial sector causes more to flow into spending than is saved, most likely:
A. the economy will experience recession. B. there will be too many real assets produced. C. the economy will experience inflation. D. the supply of real assets will exceed the demand for real assets.