Unions Whose Membership Includes All Workers in a Particular Product

question 33

Multiple Choice

Unions whose membership includes all workers in a particular product market, whether skilled or unskilled, are known as

• A)craft unions
• B)exclusive unions
• C)national unions
• D)regional unions
• E)industrial unions

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Definitions:

Balance-Of-Trade Deficit

A situation where a country's imports exceed its exports, leading to a negative balance in trade.

Coal

A fossil fuel used primarily for electricity generation and steel production, composed mostly of carbon.

Import Quotas

Import quotas are government-imposed limits on the quantity or value of goods that can be imported into a country, used to protect domestic industries and regulate international trade.

Tariffs

Taxes imposed by a government on imported goods, often to protect domestic industries from foreign competition.