The Efficiency Decision Involves Choosing the Input Combination or Process

question 58

Multiple Choice

The efficiency decision involves choosing the input combination or process that

• A)Produces the greatest output.
• B)Results in the lowest output per dollar of input.
• C)Results in the least cost for a given output.

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Definitions:

Wagner Act

The first major piece of federal legislation adopted explicitly to encourage the formation of labor unions and provide for collective bargaining between employers and unions as a means of obtaining the peaceful settlement of labor disputes.

Sex Discrimination

Unfair treatment of people because of their sex or gender; includes both direct discrimination and practices that have a disproportionate impact on members of one sex.

Gender

A category that refers to the social and cultural distinctions associated with being male, female, or non-binary.

National Labor Relations Board

An independent federal agency established to protect employees' rights to organize and to determine whether to have unions as their bargaining representative.