The Want-Satisfying Power of a Good or Service Is Called

question 52

Multiple Choice

The want-satisfying power of a good or service is called _____.

• A) quality
• B) ownership
• C) worth
• D) utility

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Definitions:

Federal Courts

Courts established by the federal government of the United States, having jurisdiction over matters explicitly outlined in the constitution and federal statutes.

Labor Strikes

Work stoppages initiated by employees to protest against their working conditions, pay, or other employment issues.

Norris-LaGuardia Act

U.S. legislation passed in 1932 that restricts the power of courts to issue injunctions against nonviolent labor disputes.

Union Organizers

Individuals responsible for forming, expanding, and maintaining labor unions by rallying workers and facilitating the unionization process.