Which of the Following Statements Is Correct with Respect to the Process

question 53

Multiple Choice

Which of the following statements is correct with respect to the process by which a union organizes the workforce of an employer?

• A) An employer can refuse to recognize a trade union or have any dealings with it.
• B) A union can call the employees it has organized out on strike to force the employer to recognize and deal with that trade union.
• C) In most provinces, a trade union must receive government certification through an employee voting process before it has the right to represent the employees in dealings with the employer.
• D) The employer can refuse to have anything to do with the union even after the union has successfully completed the certification process.
• E) Once the union has been certified, the employer must consent to what the union demands in the new contract.

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Definitions:

Federal Reserve

The central bank of the United States, responsible for monetary policy, regulation of financial institutions, and ensuring the stability of the financial system.

Liquidity Trap

An environment characterized by high savings rates and low interest rates, which renders efforts to stimulate economic growth through monetary policy ineffective.

Reserve Ratio

The Reserve Ratio is the fraction of total deposits that a bank is required to hold in reserve and not lend out, a critical tool in monetary policy used to control the money supply.

Deposit Expansion Multiplier

A ratio that measures the maximum amount of money a bank can create with a given level of reserves.