If the Union's Resistance Point Is 3% and Their Target

question 38

Multiple Choice

If the union's resistance point is 3% and their target is 5%, while the employer's resistance point is 2.5% with a target of 0:

• A) There is no contract zone.
• B) There is a large contract zone.
• C) The contract zone is likely to change.
• D) There is a small contract zone.

---

Definitions:

Domestic Supply

The total amount of goods and services produced within a country's borders, available for domestic consumption or export.

Demand Schedules

Tabulated data showing the quantity of a good or service that consumers are willing and able to purchase at different price levels over a specified period of time.

World Price

The global market price of a good or service, influenced by worldwide demand and supply.

Free Trade

Free trade is an economic policy that allows goods and services to be bought and sold across international borders with little to no government tariffs, quotas, subsidies, or prohibitions to inhibit their exchange.