Consider the Following Problems: Overcrowded Public Highways, Overfishing in the Ocean

question 68

Multiple Choice

Consider the following problems: overcrowded public highways, overfishing in the ocean, polluted air, and the near-extinction of the wild rhinoceros. What do these problems have in common?

• A)Private markets could easily solve them if governments left the markets alone.
• B)They would all go away if the government sponsored an intensive public-information campaign.
• C)They are all the result of a failure to establish clear property rights over something of value.
• D)They are all the result of a failure of corrective taxes.

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Definitions:

Initial Proposals

The first set of terms and conditions put forward by one party during a negotiation process.

Bargaining

The process of negotiating the terms of employment between an employer and a group of employees or their representatives.

Pattern Bargaining

A labor negotiation strategy where unions use the outcome of one successful negotiation as a model or "pattern" for subsequent negotiations with other employers.

Legal Bargaining Item

Issues or matters that are legally required to be negotiated in good faith between unions and employers during collective bargaining.