Voluntary Export Restraint Agreements Are

question 28

Multiple Choice

Voluntary export restraint agreements are

• A)a Type of tariff in which the tax is a fixed amount per unit of good imported.
• B)a Type of tariff in which the tax is based on the value of the good.
• C)a Type of quota that actually benefits the firms facing the restrictions.
• D)a Type of quota agreed to "voluntarily" in order to prevent more severe protection of another Type.

Appreciate the impact of external consultants and lawyers in shaping employer strategies against union organizing.

Understand the challenges and criticisms of the current union certification process under the NLRA.

Understand the different models of unionism, including industrial, business, social, job control, organizing, servicing, and craft unionism.

Identify the objectives and features of business unionism and its role within the capitalist system.

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Definitions:

Opportunity Cost

The cost of missing out on the next best alternative when making a decision or choice.

Inflation

The rate at which the general level of prices for goods and services is rising, eroding purchasing power.

Benefit

An advantage or profit gained from something.

Foregone Benefit

The lost potential gain from other alternatives when one alternative is chosen.