When a State Decides to Double the Tax on Alcoholic

question 46

Multiple Choice

When a state decides to double the tax on alcoholic beverages and consequently,increases their market price,the state is aiming at:

• A)market suppression.
• B)profit maximization.
• C)cost recovery.
• D)market domination.

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Definitions:

Collective Bargaining

The process in which working people, through their unions, negotiate contracts with their employers to determine their terms of employment.

Grievance Procedure

Formal procedure that provides for the union to represent members and nonmembers in processing a grievance.

Labour Relations Boards

Labour Relations Boards are quasi-judicial bodies that adjudicate disputes between employers and employees or their representatives, overseeing the enforcement of labor laws and collective bargaining agreements.

Unfair Labour Practices

Actions by employers or unions that violate employees' rights and are prohibited by labor laws or regulations.