Use the Following to Answer Questions

question 47

Multiple Choice

Use the following to answer questions:
Figure: Expanded Circular-Flow Model
-(Figure: Expanded Circular-Flow Model) Look at the figure Expanded Circular-Flow Model. What is the value of net exports?

• A)-$20
• B)$20
• C)$50
• D)$130

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Definitions:

Unfair Labour Practices

Practices by management such as interfering with or discriminating against employees who undertake collective action. Unions may also commit unfair labour practices.

Management Rights

Rights that provide management with the freedom to operate the business subject to any terms in the collective agreement.

Reassign Employees

The process of moving employees from their current job roles to different positions within the organization, often to improve efficiency or meet changing business needs.

Ratified Union Contracts

Ratified union contracts are agreements that have been formally approved by both the union members and the management, outlining conditions of employment, wages, and benefits.