The Introduction of a Union into a Firm Benefits All

question 177

True/False

The introduction of a union into a firm benefits all of that firm's workers.

---

Definitions:

European Union

A political and economic union of 27 European countries that participate in a single market allowing free movement of goods, services, and people.

Trade Barriers

Trade Barriers are government-imposed policies or regulations that restrict international trade, often to protect domestic industries from foreign competition.

Foreign Competition

The presence of competitors from other countries in a domestic market.

Tariffs

Taxes that a government places on imported goods, often to protect domestic industries or to raise revenue.