If an Industrial Union Is Able to Negotiate a Wage

question 44

True/False

If an industrial union is able to negotiate a wage above the competitive market-clearing wage, employment in the industry will increase.

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Definitions:

Equal Employment Opportunity

A policy that ensures all individuals have an equal chance for employment, regardless of race, color, religion, sex, age, disability, or national origin.

Comparable Worth

The concept that jobs of equal value to an organization should receive equal pay, regardless of the job holders' gender, race, or other unrelated factors.

Permatemp

A worker whose status is somewhere between a temporary and permanent employee, often without the full benefits of permanent status despite working long-term for an employer.

Base Compensation

The initial salary or wage provided to an employee not including any extra benefits such as bonuses or commissions.