When a Firm Is Allowed to Hire Nonunion Workers Who

question 143

Multiple Choice

When a firm is allowed to hire nonunion workers who are required to join the union within a specified time period, this is called a(n) :

• A) closed shop.
• B) union shop.
• C) open shop.
• D) illegal activity.

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Definitions:

Cookie

A small, sweet baked treat, often containing flour, sugar, and oil or fat, and possibly containing chocolate chips, nuts, or other ingredients.

Absolute Advantage

The ability of a country, individual, company or region to produce a good or service at a lower cost per unit than any competitor.

Comparative Advantage

A principle that states a country or individual can produce a particular good or service at a lower opportunity cost than others.

Trade Patterns

The trends and tendencies in international trade, including what goods and services are traded, with whom, and in what direction.