Which of the Following Is an Example of Featherbedding

question 27

Multiple Choice

Which of the following is an example of featherbedding?

• A)a craft union's restricting entry into its profession
• B)a union-imposed wage floor
• C)an increase in labor productivity that results from a decrease in quit rates
• D)attempts to reduce the sale of nonunion goods
• E)a construction workers union's requiring an unnecessarily large number of workers to do a particular job

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Definitions:

Maximizes Satisfaction

Refers to the act of choosing options that result in the highest level of satisfaction or utility for an individual or group, based on preferences.

Rational

Behaviors and decisions that maximize a person’s chances of achieving his or her goals. See rational behavior.

Unlimited Money Incomes

A hypothetical scenario where individuals or entities have access to an infinite amount of money resources.

Total Utility

The total satisfaction received from consuming a given total quantity of a good or service.