Which of the Following Is NOT True

question 54

Multiple Choice

Which of the following is NOT true?

• A) Trade unions are a powerful force in Germany, representing over 6 million workers.
• B) Workers are organized in eight country-wide, multi-sectoral organizations.
• C) Germany has the highest minimum wage in Europe.
• D) Workers are represented by work councils inside the workplace.
• E) Collective bargaining agreements result in German workers enjoying high wages and fringe benefits.

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Definitions:

Economic Question

Fundamental questions that address the allocation of resources and the distribution of goods and services in an economy.

Pure Capitalism

An economic system purely driven by market forces with minimal governmental intervention, where private individuals and firms control the production and distribution of goods.

Central Planning

An economic system where key decisions about production, distribution, and consumption of goods and services are made by the government or a central authority.

Shift Inward

A situation in economics where the supply curve moves towards the origin, indicating a decrease in supply at every price level.