Staggered, overlapping contracts mean
A) the contract between workers and firms can be opened for renegotiation if other key firms in the industry have signed a new contract within the last ninety days.
B) each firm within an industry agrees to negotiate with the union according to a schedule.
C) not all labor contracts within the economy expire at the same time.
D) different contracts are reached for the different skill classifications of workers within a firm.
C
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In a Dutch auction, the higher the bid, the ________ the surplus and the ________ chance of winning
A) higher; lower B) lower; higher C) higher; higher D) lower; lower
In the national income accounting identity Q = C + S + T, T stands for
A) taxes. B) transfers. C) taxes minus transfers. D) taxes plus transfers.
Where would a country such as Japan get U.S. dollars in order to engage in managed float?
a. It would print them. b. It would use its reserve of dollars. c. It would sell yen on the open market in exchange for U.S. dollars. d. Since Japan's currency is the yen, it would not be able to obtain U.S. dollars. e. It would borrow U.S. dollars form the U.S.
AutoCorp is a dealership that has a contract that prevents the main company from opening another dealership within a 30-mile radius. This is an example of:
A. a local monopoly. B. branding. C. a double markup. D. an exclusive territory right.