Which of the following statements about labor unions and management during the 1940s is most accurate?
a. The real earnings of workers increased significantly during World War II.
b. During World War II there were many strikes.
c. There were few strikes during World War II because management frequently locked-out labor before the employees could strike.
d. Immediately following the end of the war was a period of significant earnings growth for labor union members.
a. The real earnings of workers increased significantly during World War II.
You might also like to view...
The income that measures a household's earnings in the absence of government redistribution is called
A) market income. B) real income. C) money income. D) cash income.
A monopoly exists because of
a. barriers to entry b. the large number of buyers and sellers c. the absence of barriers to entry d. collusion among the dominant firms e. the absence of exclusive government franchises
Market clearing prices in a market system act as
A) a signaling device. B) a direct measure of resource costs. C) a way for producers to advertise. D) a legally determined rationing device.
Which one of the following economic activities was NOT generally undertaken in New England in the colonial period?
(a) Fishing (b) Farming (c) Tobacco production (d) Shipbuilding