An Employer Is Not Required to Recognize the Union Based

question 92

True/False

An employer is not required to recognize the union based on a majority card showing and always has the option to insist on an election.

---

Definitions:

Market Economy

An economic system where decisions regarding investment, production, and distribution are based on supply and demand, and prices of goods and services are determined in a free price system.

Price Floor

A government-set minimum price that can be charged for goods and services, aimed at protecting producers.

Equilibrium Price

The price at which the quantity of goods supplied matches the quantity of goods demanded.

Price Ceiling

A price ceiling is a government-imposed limit on how high a price can be charged for a product or service, typically intended to protect consumers.