The Town of Fairness Has a Law Stating That Wages

question 22

Multiple Choice

The town of Fairness has a law stating that wages should be high enough to ensure that all people can afford to buy enough food for their families.The law that sets wages would be an example of a

• A) minimum wage law.
• B) fair wage law.
• C) price ceiling.
• D) black market price.
• E) ration price.

Differentiate between types of bargaining issues and their classification as zero-sum or constant-sum games.

Appreciate the importance of focusing on common interests in integrative bargaining to achieve mutually beneficial outcomes.

Understand the basic concepts and tactics of distributive and integrative bargaining within labor relations.

Identify the procedural steps and requirements for contract ratification and the entities involved in the process.