In 1943-1945

question 16

Multiple Choice

In 1943-1945

• A)there was substantial unemployment in the U.S.
• B)there was substantial excess plant and equipment in the U.S.
• C)the U.S.had not yet completed its recovery from the depression.
• D)we were temporarily operating at a point beyond our production possibilities frontier.
• The unemployment rate was at less than 2% from 1943-1945.

---

Definitions:

Union Wages

The set rate of pay negotiated for workers by a collective bargaining agreement between an employer and a labor union.

Employment Standards Legislation

Laws that set minimum standards for working conditions, including wages, hours, leaves, and termination, within a jurisdiction.

Unfair Labour Practices

Actions by employers or unions that violate the rights of employees or the organization's own rules, often relating to the regulation and management of labor relations.

Employment Relations

The relationship between employers and employees, including the rights, duties, and obligations they owe each other.