Why is the Clayton Act of 1914 considered to have been favorable to the interests of organized labor?
(a) It restricted the application of the Sherman Antitrust Act and excluded labor unions from it.
(b) It legalized collective bargaining for the first time.
(c) It declared labor to be an article of commerce.
(d) It forbade the use of injunctions by the courts to stop strikes.
(a)
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A nation's capital stock was valued at $300 billion at the start of the year and $350 billion at the end. Consumption of private fixed capital in the year was $25 billion. Assuming stable prices, gross investment was ________.
A. $90 billion B. $50 billion C. $75 billion D. $25 billion
Interest rates will increase if the Fed conducts an open market purchase
Indicate whether the statement is true or false
If the banking system has a required reserve ratio of 40 percent, then the money multiplier is:
A. 2. B. 2.5. C. 4. D. 8.
John Stuart Mill first proposed
A. the idea of utilitarian justice. B. the labor theory of value. C. the theory of distributional justice. D. the theory of comparative advantage.