Which Statement Is True

question 64

Multiple Choice

Which statement is true?

• A)Most strikes cause serious economic disruptions.
• B)The threat of a strike provides the motivation necessary to make collective bargaining work.
• C)Most labor unions enter collective bargaining hoping for a strike.
• D)None of the choices are true.

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Definitions:

Economic Plunge

A sudden and sharp decline in economic activity, often characterized by a decrease in GDP, investment, and employment.

Tax Rates

The percentages at which income, property, and sales are taxed by governments.

Money Supply

The total amount of monetary assets available in an economy at a specific time, including cash, bank deposits, and other liquid assets.

Tax Rates

The percentage at which an individual or corporation is taxed, which can vary based on income level, type of income, and jurisdiction.