Which of the Following Statements Is True

question 116

Multiple Choice

Which of the following statements is true?

• A) Craft unions restrict membership to workers with specific skills.
• B) There are two basic types of unions: local and national.
• C) Members of craft unions typically work for just one company over the course of a year.
• D) Craft unions don't have a lot of power over the supply of skilled workers because those people can get jobs anywhere.
• E) Industrial unions include mostly skilled workers.

Comprehend how individuals and communities respond to incentives and the implications for public policy.

Grasp the importance of marginal analysis in decision-making processes.

Recognize the role of taxes and market incentives in shaping behaviors.

Appreciate the mutual benefits of trade and its exceptions.

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Definitions:

Saks Fifth Avenue

A high-end American department store chain known for offering luxury goods and designer apparel.

Bloomingdale's

An American luxury department store chain founded in New York City, known for selling designer brands and high-end merchandise.

Community Shopping Center

A retail location that typically has one primary store (usually a department store branch) and often 20 to 40 smaller outlets, serving a population of consumers who are within a 10- to 20-minute drive.

Primary Store

The main retail outlet or location of a business that serves as the centerpiece for brand identity and customer engagement.