Collective bargaining in the United States typically involves negotiations between
A) the government and management over the minimum wage law.
B) the management of a company and the leaders of the union over the wages and fringe benefits to be offered.
C) an individual and her boss over the appropriate salary level.
D) union and nonunion employees regarding work rules.
B
You might also like to view...
What happens in public schools when government funds subsidize education?
A) There is a shortage of schools. B) The quality of education rises. C) The cost of providing the education is less than what the student pays. D) The cost of providing the education is more than what the students pays.
Consider the same ultimatum game as in the previous question but consider some new preferences reflecting a desire for fairness. In particular, now assume players get 1 util per dollar earned but lose 1/4 util for the absolute difference between their monetary payoffs. Which of the following is an offer that arises in a subgame-perfect equilibrium with these new preferences?
a. 1. b. 2. c. 4. d. 5.