Which of the Following Is True of Craft Unions

question 56

Multiple Choice

Which of the following is true of craft unions?

• A) It represents many different occupations.
• B) Membership in the union is the result of working for a particular employer in the industry.
• C) Changing employers is not very common.
• D) It is often responsible for training members through apprenticeships.
• E) It consists of members who are linked by their work in a particular industry.

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Definitions:

Elastic Demand

A condition where a significant fluctuation in the demand for a product occurs due to variances in its price.

High Tariffs

Elevated taxes imposed on imports or exports between sovereign states, typically used to protect domestic industries.

Unionized Firms

Companies or organizations where a labor union represents the interests of the employees, negotiating wages, work conditions, and benefits on their behalf.

Foreign Competition

refers to the competitive pressure that domestic companies face from companies located in other countries.