Unions Have the Power to

question 23

Multiple Choice

Unions have the power to

• A)set all working rules.
• B)increase the firm's total taxes.
• C)push wages above competitive levels at times.
• D)make a firm nationalized.

Analyze how population growth rates compared to economic growth rates affect per capita income and living standards.

Calculate changes in real per capita GDP based on given data about GDP growth and population increases.

Explain the relationship between economic growth rates and absolute per capita income differentials among countries.

Identify correlates of economic growth and understand their impact on development.

---

Definitions:

Socioeconomic Status

An individual's or family's economic and social position in relation to others, based on income, education, and occupation.

Political Beliefs

The convictions or opinions held by individuals regarding political matters, including governance, policies, and ideologies.

Culture

The sum of attitudes, customs, and beliefs that distinguishes one group of people from another, transmitted through languages, material objects, ritual, institutions, and art, from one generation to the next.