The initial stage of the procedure in which a union and an employer negotiate over a contract is known as
a. featherbedding.
b. collective bargaining.
c. mediation.
d. arbitration.
b
You might also like to view...
A firm possesses too much capital if ________
A) the real rental cost of capital is equal to the marginal product of capital B) the real rental cost of capital is less than the marginal product of capital C) its investment spending exceeds its consumption outlays D) the real rental cost of capital is more than the marginal product of capital
Labor productivity is
a. real GDP per hour of labor times the number of people. b. real GDP per hour of labor. c. real GDP per hour of labor times the hours of work. d. the rate of change in real GDP per hour of labor.
Which of the following trends is most likely the result of a contractionary monetary policy?
a. The demand for both bungalows and mansions rises. b. The demand for both economy motels and luxury resorts drops. c. The demand for ground chuck drops, but the demand for filet mignon rises. d. The demand for designer dresses rises, but the demand for inexpensive dresses drops.
The natural rate of output is ________
A) independent of the inflation rate B) always lower than potential output C) unrelated to the natural rate of unemployment D) all of the above E) none of the above