Which of the Following Best Defines the Preferential Shop Form

question 88

Multiple Choice

Which of the following best defines the preferential shop form of union security?

• A)A company can hire nonunion people, but they must then join the union.
• B)Union members must maintain membership for the contract period.
• C)Employees who do not belong to the union must still pay dues.
• D)A company gives hiring advantages to union members.

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Definitions:

Socially Optimal Level

The socially optimal level is the quantity of production or consumption where the marginal social cost equals the marginal social benefit, maximizing overall welfare.

Policymakers

Individuals or groups responsible for making decisions and establishing regulations that guide the economic, social, and political governance of a society.

Marginal Benefit

The plus in satisfaction or usefulness someone gets by consuming an extra unit of a given product or service.

Socially Optimal

A situation in economics where resources are allocated in the most efficient way from a societal perspective.