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Describe three ways in which a union might be able to increase the wage rate received by its members.
Butchers
Professionals specialized in cutting, trimming, and preparing meat for sale or consumption.
Manufacturing Defects
Flaws in a product resulting from the manufacturing process that make it dangerous or unfit for its intended use.
Arbitration
A process for the settlement of disputes whereby an impartial third party or board hears the dispute, then makes a decision that is binding on the parties. Most commonly used to determine grievances arising out of a collective agreement, or in contract disputes.
Automobiles
Motor vehicles with four wheels designed primarily for passenger transportation on public roads.
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Q175: What are barriers to entry?<br>A) Toll highways