Examlex
All of the following statements are true EXCEPT
Job Turnover
The rate at which employees leave a workforce and are replaced by new employees.
Nominal Wage
The amount of money received by a worker per unit of time (hour, day, etc.); money wage.
Real Wage
The amount of goods and services a worker can purchase with his or her nominal wage; the purchasing power of the nominal wage.
Agency Shops
A workplace agreement where employees, whether or not they are union members, must pay union fees for the bargaining services the union provides.
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