More Complementary Resources Would ____________ the Productivity and the Marginal

question 149

Multiple Choice

More complementary resources would ____________ the productivity and the marginal revenue product of labor.

• A)tend to raise
• B)tend to lower
• C)not effect

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Definitions:

Union Contracts

Agreements between labor unions and employers detailing wages, working conditions, and rights for union members.

Nonunion Workers

Employees who are not members of a labor union and do not have their employment terms negotiated collectively.

Union Density

The ratio of workers who are union members to the total number of workers in a given region or sector, indicative of the strength and reach of labor unions.

Labor Law

A body of laws, administrative rulings, and precedents which address the legal rights of, and restrictions on, working people and their organizations.