Which of the Following Is True of a Multiemployer Bargaining

question 6

Multiple Choice

Which of the following is true of a multiemployer bargaining unit?

• A) A single set of negotiators and negotiated wages applies to all members.
• B) The contract expires at different times for all.
• C) Each employer faces a product and service demand curve totally different from the market demand curve.
• D) If the market demand for the employers' goods and services is quite inelastic,none of the wage increases can be passed.

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Definitions:

Per Capita Income

The average income earned per person in a particular area or country, calculated by dividing the area's total income by its total population.

Laspeyres Price Index

A price index that measures the change in the price level of a basket of goods and services, using the quantities of the base period as weights.

Base Year

A specific year against which economic growth or other variables are measured and compared.

Current Year

The present calendar year in which a transaction or event occurs or is being discussed.