A Decrease in a Fixed Exchange Rate from $1

question 255

Multiple Choice

A decrease in a fixed exchange rate from $1.75 per pound to $1.60 per pound is called a(n) ________ of the pound.

• A)devaluation
• B)depreciation
• C)appreciation
• D)revaluation

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Definitions:

Union Shop

Provision of the collective agreement that requires employees to join the union as a condition of their employment.

Compulsory Unionization

A policy or practice requiring all employees in a particular sector or company to become members of a union.

Organizing Campaigns

Initiatives typically conducted by labor unions to gain representation rights within a workplace or to mobilize workers around specific issues.

Unionization

The process by which employees come together to form a union, a collective organization that negotiates with employers on behalf of its members for better wages, benefits, and working conditions.