Labor Productivity Rises When

question 64

Multiple Choice

Labor productivity rises when

• A) average worker output falls.
• B) business investment falls.
• C) average worker output rises.
• D) nominal wages fall.

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Definitions:

Labor Union

An organized association of workers formed to protect and further their rights and interests regarding wages, benefits, and working conditions.

Negotiations

The process in which two or more parties discuss an issue with the goal of reaching a mutually acceptable agreement.

National Labor Relations Board

An independent US agency that enforces the NLRA by addressing labor disputes and ensuring fair labor practices.

Collective Bargaining Agreement

A legally binding contract negotiated between a union and an employer that outlines wages, hours, and working conditions.