Which of the Following Actions Is Most Likely to Be

question 38

Multiple Choice

Which of the following actions is most likely to be favored by unions?

• A)Increasing the pricing of products to cover for increases in wages
• B)Substituting wages with gain-sharing plans
• C)Making each individual worker more expendable to the firm
• D)Introducing lump-sum awards

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Definitions:

Recession

A temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.

Transfer Payments

Payments made by governments to individuals without any goods or services being received in return, such as welfare, social security, and unemployment benefits.

Federal Budget Deficit

The amount by which a government's expenditures exceed its tax revenues over a specific fiscal period, leading to borrowing or debt accumulation.

Economic Growth

Growth in the inflation-corrected value of goods and services that an economy outputs over time.