MrCog Has 18 Hours a Day to Divide Between

question 27

Multiple Choice

Mr.Cog has 18 hours a day to divide between labor and leisure.If he has 17 dollars of nonlabor income per day and gets a wage rate of 13 dollars per hour when he works, his budget equation, expressing combinations of consumption and leisure that he can afford to have, can be written as

• A)R + C/13 = 329.
• B)13R +C = 17.
• C)C = 251 + 13R.
• D)13R + C = 251.
• E)C = 302 + 13R.

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Definitions:

"Yellow-Dog" Contracts

Employment agreements where the employee agrees not to join or support a trade union during their employment.

Norris-LaGuardia Act

A 1932 U.S. federal law that limited courts' abilities to issue injunctions against non-violent labor disputes and encouraged collective bargaining.

Taft-Hartley Act

The Taft-Hartley Act, officially known as the Labor Management Relations Act of 1947, restricts the activities and power of labor unions in the United States.

NLRB

The National Labor Relations Board, a federal agency in the United States that enforces labor laws in relation to collective bargaining and unfair labor practices.