Which of the Following Is True of Organized Labor During

question 38

Multiple Choice

Which of the following is true of organized labor during the 1950s?

• A) The major unions were unsuccessful in getting pension plans for their members.
• B) Union membership grew slowly because of the transition to a service-oriented economy.
• C) Since most of the new jobs created were for blue-collar workers in heavy industry, union membership increased dramatically.
• D) Through collective bargaining, workers considerably narrowed the wage gap between men and women.

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Definitions:

Ordinary Annuities

Identical financial amounts distributed at the termination of back-to-back periods, within a set period.

Annuities Due

An annuity for which the payment is due at the beginning of each period instead of at the end, often used in lease agreements and insurance premiums.

Future Value

Financial value of an asset or cash set for a future date, equivalent to a fixed present sum.