Yellow-Dog Contracts

question 9

Multiple Choice

Yellow-dog contracts

• A)give workers the right to be represented by a union.
• B)give a non-union worker the right to enjoy union benefits without paying union dues.
• C)give firms the right to hire replacement labor when the union strikes.
• D)give firms the right to require a worker to not join a union as a condition of employment.
• E)give the firm the right to permanently fire anyone who strikes.

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Definitions:

Volatility

is a statistical measure of the dispersion of returns for a given security or market index, often used as a measure of risk.

Normal Distribution

A probability distribution that is symmetric around the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.

Risk Premium

The additional return expected by an investor for holding a risky asset, over and above the risk-free rate.

Semi-Strong Form

A form of the Efficient Market Hypothesis suggesting that stock prices reflect all publicly available information, making it impossible to consistently achieve higher returns.