Which of the Following Is NOT Considered to Be a Benefit

question 290

Multiple Choice

Which of the following is NOT considered to be a benefit of unionism?

• A) increased featherbedding
• B) greater workplace safety
• C) higher workforce stability
• D) provision of arbitration and grievance procedures

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Definitions:

Shortage/Surplus

Economic conditions where the quantity demanded exceeds the quantity supplied (shortage) or the quantity supplied exceeds the quantity demanded (surplus) at the current price.

Quantity Demanded

The total amount of goods or services that consumers are willing and able to purchase at a given price within a certain period.

Quantity Supplied

The amount of a good or service that producers are willing to sell at a given price.

Price Floor

A government or group-imposed price control or limit on how low a price can be charged for a product.