Which of the Following Statements About the North American Agreement

question 47

Multiple Choice

Which of the following statements about the North American Agreement on Labor Cooperation (NAALC) is false?

• A) The NAALC has been judged to be very successful due to the increased cooperation it has fostered between NAFTA member nations in dealing with labor relations problems.
• B) Freedom of association and protection of the right to organize.
• C) Right to bargain collectively
• D) Labor protection for children and young persons.
• E) Minimum employment standards,such as minimum wages and overtime pay.

---

Definitions:

Shadow Price

In economic theory, the value of an additional unit of a constrained resource, or the opportunity cost of not having that additional resource available.

Assembly Time

The total time required to put together various components of a product into its final form.

Overtime

Additional time worked by an employee beyond the normal or legally defined working hours, often eligible for higher pay rates.

Sensitivity Analysis

The study of how the variation in the output of a model can be attributed to different variations in its inputs.