The Federal Mediation and Conciliation Service

question 50

Multiple Choice

The Federal Mediation and Conciliation Service:

• A) is an agency that deals with unfair labor practices and secret ballot elections.
• B) handles strikes which impact an entire industry and threaten the economy.
• C) establishes the employee "bill of rights."
• D) is monitored by a board of union stewards from across the country.
• E) prevents labor-management disputes from impeding the free flow of commerce.

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Definitions:

Allocate Goods

The process of distributing resources or products to where they are needed or can be used most effectively.

Nonconsenting Third Parties

Individuals or groups affected by a transaction between other parties without their explicit agreement or participation.

Nonexcludable

A characteristic of a good or service that prevents the owner from effectively excluding others from using it, often associated with public goods.

Nonrival-in-consumption

A property of certain goods where one individual's consumption does not diminish the ability of others to consume the same good.