The Wagner Act
A) permitted unions to engage in collective bargaining.
B) permitted states to pass right-to-work laws.
C) restricted activities of heads of unions that were not beneficial to union members.
D) mandates compulsory arbitration in some key industries.
Answer: A
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When the central bank buys $1,000,000 worth of government bonds from the public, the money supply:
A. increases by $1,000,000. B. decreases by $1,000,000. C. increases by less than $1,000,000. D. increases by more than $1,000,000.
Which of the following would most likely be a natural monopoly?
a. Gas utility company b. Agricultural firm c. Youth apparel company d. Automotive manufacturer
Which of the following factors most likely would explain why a U.S. company would choose to operate in the United States despite much lower wages in Mexico?
A. The absence of significant trade barriers B. The low cost of transportation between the two countries C. The lower productivity of Mexican workers D. The presence of many Japanese companies in Mexico
Suppose that Victoria and her friends are running a fundraiser by selling donuts. They want to know what will happen to their revenue if they increase the price of each donut from $0.80 to $1. What concept do they need to apply to find out their expected revenue?
A. price elasticity of supply B. price elasticity of demand C. cross elasticity of demand D. income elasticity of demand