The Positive Externality Associated with Education Is

question 116

Multiple Choice

The positive externality associated with education is:

• A) producers can get higher prices for their goods and services.
• B) less crowding in the classrooms.
• C) increases in societal well-being and economic growth.
• D) technological progress slows as basic research increases.

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Definitions:

Collective Bargaining

The process of negotiation between employers and a group of employees (often represented by a union) aimed at reaching agreements to regulate working conditions, wages, and benefits.

Consent Election

A method used by workers to form a union in which they express their desire to unionize through signed authorization cards.

Decertification Election

A process by which employees can vote to remove the representation of a labor union.

National Labor Relations Board

An independent federal agency in the United States that enforces labor laws in relation to collective bargaining and unfair labor practices.