Which Statement Is True

question 163

Multiple Choice

Which statement is true?

• A)Most jobs in the U.S.are exportable.
• B)Once a firm and a union enter collective bargaining sessions,a collective bargaining agreement will be reached every time.
• C)The ultimate weapon of management in collective bargaining is the ability to take a strike.
• D)The collective bargaining agreement is confined to wages and hours.

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Definitions:

Austerity

Austerity refers to strict economic policies aimed at reducing government deficits through spending cuts and tax increases.

Sovereign Debt Crisis

A situation where a country's government is unable to meet its debt obligations, leading to financial turmoil.

Higher Taxes

An increase in the tax rate or tax liability faced by individuals or corporations.

Exchange Rate

The price of one country's currency expressed in another country's currency, facilitating international trade and investment.