In the 1940s and 1950s, About One-Third of U

question 248

True/False

In the 1940s and 1950s, about one-third of U.S. workers belonged to unions, but today, only about one-fifth of U.S. workers belong to unions.

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Definitions:

Silver Futures

Contracts to buy or sell silver at a future date at a predetermined price, often used for hedging or speculative purposes.

S&P 500 Index

A stock market index that measures the stock performance of 500 large companies listed on stock exchanges in the United States, widely regarded as the best single gauge of large-cap U.S. equities.

Pork Bellies

Futures contracts traded on the commodity markets, representing 40,000 lbs of frozen, trimmed bellies from hogs, which are used to make bacon.

Cash Delivery

The process of settling a futures or options contract by exchanging the cash equivalent of the asset rather than the physical asset itself.