Due to Collective Bargaining Coverage, Voluntary Quitting, Also Known as _______

question 7

Multiple Choice

Due to collective bargaining coverage, voluntary quitting, also known as _______, is reduced as a result of high wages, and hence workers seek to have more of a say, also known as _______, in their terms of employment.

• A) exit; voice
• B) selective unemployment; union incidence
• C) selective unemployment, pressure tactics
• D) exit, collective pressure
• E) voice; exit

---

Definitions:

Public Sector

The part of the economy composed of both public services and public enterprises, funded and operated by the government.

Inefficient

refers to the suboptimal allocation or use of resources in a way that does not maximize potential output or outcomes.

Voting Paradox

is a situation in social choice theory where collective preferences can be cyclic (A is preferred to B, B is preferred to C, and C is preferred to A), despite the individual preferences being consistent.

Majority-Rule Voting

A decision-making process where the option that receives more than half of the votes is chosen, commonly used in democratic systems and organizations.