China Is the Most Heavily Unionized Country in the World

question 82

Multiple Choice

China is the most heavily unionized country in the world with over 200 million union members.What is the primary goal of the All-China Federation of Trade Unions, the main union in China?

• A)Prevent layoffs and terminations
• B)Monitor and defend member complaints
• C)Prevent labor disputes and stabilize labor relations
• D)Improved working conditions
• E)Higher wages for factory workers

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Definitions:

Disposable Income

Refers to the amount of money that households have available for spending and saving after income taxes have been accounted for.

APS (Average Propensity to Save)

The fraction of total income that is saved by the average household.

Disposable Income

The amount of money an individual or household has to spend or save after income taxes have been deducted.

Saving

The act of setting aside money for future use rather than spending it immediately.