Which Statement Is True

question 263

Multiple Choice

Which statement is true?

• A)Productive efficiency has never been achieved.
• B)The U.S.economy achieved productive efficiency from mid-1997 through mid-2001.
• C)The U.S.economy achieved productive efficiency from 1980 to 1997.
• D)Our economy generally attains productive efficiency.

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Definitions:

Bread-and-Butter

Refers to basic, essential aspects of something, often related to source of income or fundamental needs.

Collective Bargaining

The process in which working people, through their unions, negotiate contracts with their employers to determine their terms of employment.

Grievance Procedure

Formal procedure that provides for the union to represent members and nonmembers in processing a grievance.

Labour Relations Boards

Labour Relations Boards are quasi-judicial bodies that adjudicate disputes between employers and employees or their representatives, overseeing the enforcement of labor laws and collective bargaining agreements.