Unions

question 77

Multiple Choice

Unions:

• A) are unnecessary if the market does a good job of determining fair wages.
• B) provide firms with a mechanism to more efficiently fire less productive workers.
• C) are gaining power in the United States.
• D) All of these are true.

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Definitions:

Year-End

The end of a fiscal or calendar year, often used to reference the closing of financial accounts.

Taxes

Mandatory financial charges or levies imposed by a government on individuals, entities, or transactions to fund government spending and various public expenditures.

Futures Position

An investment strategy involving contracts for the purchase or sale of assets at a future date at a price specified today.

Closed Out

The process of finalizing all positions in a security or contract, effectively ending all obligations or engagements in those positions.