When Unions Exist in Markets

question 155

Multiple Choice

When unions exist in markets

• A) firms must have market power in their output markets.
• B) there no longer is a perfectly competitive labor supply.
• C) individual workers no longer make labor-leisure trade-off decisions.
• D) employers have market power in labor markets.

Understand the function of special document features like watermarks.

Understand the concept of unfunded mandates and their implications for state and local governments.

Identify key components and milestones of the Affordable Care Act, including Medicaid expansion and the individual mandate.

Explain the system of American federalism and differentiate it from unitary systems, including political cultures that adopt federalism.

---

Definitions:

Arbitrary Set

A collection of items or values chosen without a specific rule, pattern, or plan.

Performance Standards

The benchmarks against which performance is measured.

Performance Management Programs

Systems and processes that help improve employees' performance and align their objectives with the organization's goals.

Employee Goals

Objectives set by individuals within their professional role, aimed at achieving specific outcomes or improvements.