If the Trend Toward Increased Use of Contingency and Temporary

question 125

Multiple Choice

If the trend toward increased use of contingency and temporary workers continues, the _________________ model of unionism might be very appropriate.

• A) Occupational unionism
• B) Nonmajority unionism
• C) Solidarity unionism
• D) Employee ownership unionism

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Definitions:

Variable Input

relates to a production factor that can be adjusted in the short term to change the level of output, such as labor or raw materials.

Marginal Revenue Product

The additional revenue generated by employing one more unit of a factor, such as labor, in the production process.

Competitive Industry

A competitive industry is characterized by many firms competing against each other to sell similar or identical products, with few barriers to entry for new firms.

Marginal Revenue Product

The extra income produced by employing an additional unit of a production input.