The Union Wage Differential

question 115

Multiple Choice

The union wage differential

• A) varies substantially across employment sectors.
• B) increases during expansions.
• C) has remained fairly constant over the past 30 years.
• D) is greater for private sector employees than for government sector workers.

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Definitions:

Drafts

Preliminary versions of documents, or negotiable instruments drawn by one party (drawer) ordering another party (drawee) to pay a specified sum to a third party.

Indorsed in Blank

A signature on a negotiable instrument like a check, making it payable to whoever holds the instrument, without naming a specific endorsee.

Holder in Due Course

A party that has acquired a negotiable instrument in good faith and for value, granting them certain protections and rights under the law.

Bearer Instrument

A financial document that is not registered in the name of any owner and thus the physical holder has the right to the document's value or benefit.