Job Control Unionism, Which Has Dominated U

question 172

Multiple Choice

Job control unionism, which has dominated U.S. unions since WWII, is characterized by all of the following except:

• A) Detailed and legalistic union contracts.
• B) Informal grievance procedures.
• C) Narrowly defined jobs.
• D) Low levels of employee input.

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Definitions:

Increasing-cost Industry

An industry in which production costs increase as output expands, often due to scarce resources or rising input prices.

Long-run Equilibrium

The condition in which all factors of production can be adjusted, leading to a situation where no firm in the industry wishes to change its output.

Market Price

The current value at which an asset or service can be bought or sold in an open market.

Economies of Scale

The economic benefits that businesses gain from their size of operations, where the expense per unit of production typically lowers as the scale increases.