A Major Difference Between Early Labor Organizations in the United

question 290

True/False

A major difference between early labor organizations in the United States and today's labor unions is that the early labor groups often were temporary organizations that disbanded after achieving a short-range goal, while today's unions are permanent organizations.

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Definitions:

Tax

A mandatory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Utility Function

A rephrased definition: A tool in economics to quantify an individual's satisfaction from consuming different bundles of goods and services.

Price

The sum of money needed to buy a product or service.

Utility Function

A mathematical representation expressing an individual's preference ordering over a set of goods and services, showing the level of satisfaction or utility derived from various bundles of goods.