Answer the following statements true (T) or false (F)
1. In 2011, food workers had a much higher unionization rate than teachers.
2. Union membership among workers in America has been declining since the 1950's.
3. Right-to-work laws in some states prohibit the closed-shop and agency-shop union setups.
4. A labor union may engage in a lockout if the collective bargaining process breaks down.
5. One clear effect of labor unions is an increase in the wage rates of their members.
1. FALSE
2. TRUE
3. TRUE
4. FALSE
5. TRUE
You might also like to view...
The demand for the Franconian franc in the foreign exchange market equals 14,000 - 3,000e and the supply of francs in the foreign exchange market equals 2,000 + 2,000e, where e is the nominal exchange rate expressed in U.S. dollars per franc. If the franc is fixed at 2 U.S. dollars per franc, then to maintain this fixed rate Franconia's international reserves must:
A. decrease by 4,000 dollars per period. B. increase by 4,000 dollars per period. C. decrease by 2,000 dollars per period. D. increase by 2,000 dollars per period.
No tax can lead the economy to higher levels of efficiency
a. True b. False Indicate whether the statement is true or false
If the income elasticity of demand for lard is -3.00, this means that:
A. lard is a substitute for butter. B. lard is a normal good. C. lard is an inferior good. D. more lard will be purchased when its price falls.
What are the two reasons that people want to hold money? In other words, what are the two types of demand for money?
What will be an ideal response?