To Reduce Labor Surplus Above the Equilibrium Union Wage Level

question 198

Multiple Choice

To reduce labor surplus above the equilibrium union wage level, a union may do all of the following EXCEPT

• A) lengthen apprenticeship period.
• B) assign jobs based on seniority.
• C) limit the number of new members accepted.
• D) encourage nonunion members to join the union.

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Definitions:

Measuring Device

An instrument used to ascertain the size, quantity, or degree of something.

Predictability

The degree to which a future event or outcome can be forecasted based on present or past data.

Reliability

The degree to which the result of a measurement, calculation, or specification can be depended on to be accurate.

Measurement

The process of obtaining a quantitative description of an attribute or phenomenon, often by comparing it to a standard unit.