Use the Following Scenario to Answer the Next Four Questions

question 116

Multiple Choice

Use the following scenario to answer the next four questions:
Esther and Albert produce hamburgers and hot dogs. Esther can produce six hamburgers per hour or four hot dogs per hour. Albert can produce three hamburgers per hour or one hot dog per hour.
-Based on the scenario,Albert's opportunity cost of one hamburger is:

• A) 1/3 hot dog.
• B) 1 hot dog.
• C) 6 hot dogs.
• D) 4 hot dogs.
• E) 8 hot dogs.

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Definitions:

NLRA

Stands for the National Labor Relations Act, which is legislation enacted in 1935 in the United States to protect the rights of employees and employers, to encourage collective bargaining, and to curtail certain private sector labor and management practices.

Recognition Strikes

Work stoppages by employees aimed at forcing an employer to recognize their union as the official bargaining agent for the workforce.

Employer-Initiated

Actions or policies that are begun or implemented by employers within an organizational or labor context.

Certification Elections

An official process in which employees vote to decide whether they want to be represented by a particular union.