The Purpose of Unions Formed by Workers Is To

question 11

Multiple Choice

The purpose of unions formed by workers is to:

• A)increase mobility of labor across industries.
• B)increase the productivity of the workers.
• C)maximize the economic rent accruing to their members.
• D)secure different wages for different members.

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Definitions:

Buying and Selling

The basic components of commerce involving the exchange of goods or services for money or other goods between parties.

Goods and Services

This term describes the combination of tangible products and intangible activities provided to fulfill consumer needs and desires.

Primary Activities

Fundamental functions and processes conducted by a business that directly relate to the creation, sale, maintenance, and support of a product or service.

Add Value

The process of increasing the worth of a product or service, often by improving quality, enhancing features, or improving its appeal.