The Labor-Management Relations Act of 1947 (also known as the Taft-Hartley Act) was significant because it
A. curtailed union power by permitting states to pass right-to-work laws.
B. granted firms the right to break unions.
C. granted union rank and file the right to decertify its leadership via election.
D. created the National Labor Relations Board.
E. outlawed yellow-dog contracts.
Answer: A
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A fall in the domestic interest rate leads to capital outflows, which make the exchange rate depreciate. The monetary expansion of the mid-1990s was expected to lead to a currency appreciation.
Answer the following statement true (T) or false (F)
Explain why checks on principals might be necessary
What will be an ideal response?
The difference between a monopsonist's marginal expenditure and that of a price taker is:
A. the marginal cost of the input. B. the input expansion effect. C. the price increase effect. D. the marginal substitution effect.
It can be argued that the minimum jobs proposal is preferable to a minimum wage law because:
a. it provides more job opportunities to women. b. it cannot be overturned by the federal government. c. it puts a floor on the wage as well as on the nature of the job. d. it applies to students and non-students.