If Outsiders Had More Say in Union Contracts Then It

question 42

Multiple Choice

If outsiders had more say in union contracts then it is likely that union wages would be

• A)higher so unemployment would be higher.
• B)higher so unemployment would be lower.
• C)lower so unemployment would be higher.
• D)lower so unemployment would be lower.

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Definitions:

Automated Factory

A production facility that relies heavily on automated processes and machinery to manufacture goods with minimal human intervention.

Fixed Expenses

Costs that do not vary with the level of production or sales, such as rent, insurance, and salaries.

Variable Expenses

Expenses that change in proportion to the activity of a business, such as sales commissions that rise with increased sales or materials costs that rise with increased production.

Discontinue Product

The decision to stop manufacturing, selling, or supporting a product based on criteria such as sales performance, profitability, or strategic alignment.