The Share of the Labor Force That Was Unionized Increased

question 161

Multiple Choice

The share of the labor force that was unionized increased from 7.4 percent in 1930 to more than 30 percent in 1955. During these 25 years, the share of national income allocated to labor (in contrast to capital)

• A) increased approximately 10 percent.
• B) increased 17.6 percent.
• C) fell 20 percent.
• D) was virtually unchanged.

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Definitions:

Impeccable Service

Exceptional and flawless service delivery that exceeds customer expectations and ensures total satisfaction.

Push Strategy

A marketing approach that involves taking the product directly to the customer via whatever means to ensure the customer is aware of your brand at the point of purchase.

Supply Chain

A system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer.

Physical Distribution

The activities concerned with the efficient movement of products from the producer to consumers, including storage and transportation.