If a Government-Imposed Price Floor Legally Sets the Price of Milk

question 157

Multiple Choice

If a government-imposed price floor legally sets the price of milk above market equilibrium, which of the following will most likely happen?

• A) The quantity of milk demanded will increase.
• B) The quantity of milk supplied will decrease.
• C) There will be a surplus of milk.
• D) There will be a shortage of milk.

Explain the legal constraints on employer and union actions during unionization efforts.

Appreciate the factors that influence employee attitudes towards unions and unionization.

Understand the concept of a bargaining unit and how it is determined.

Recognize the importance of the NLRB in administering union elections and defining supervisors and bargaining units.

---

Definitions:

Claim

An assertion, typically unsupported at first, that something is the case, often requiring evidence or argument to be substantiated.

Settlement

The resolution of a dispute or claim, often involving an agreement reached between parties outside of court.

Goodwill Gesture

An action taken to show positive intent, often aimed at strengthening relationships or alleviating conflicts.

Routine Request

A standard or regular solicitation for services, information, or actions that follows an established procedure.