Featherbedding refers to
A. the union using its members' dues to fund political activities.
B. one union using a previously negotiated contract as a starting point for its own negotiations.
C. the union requiring the firm to hire more workers than are actually needed to perform a particular task.
D. negotiating better fringe benefits than nonunion workers.
E. firing high-wage workers when the union goes on strike.
Answer: C
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Money fulfills which of the following functions?
a. a medium of exchange b. a unit of account c. a store of value d. all of the above are functions of money
Refer to the information. Which technique is economically most efficient in producing A?
Answer the question on the basis of the following information: Suppose 30 units of product A
can be produced by employing just labor and capital in the four ways shown below. Assume
the prices of labor and capital are $2 and $3 respectively.
A. I.
B. II.
C. III.
D. IV.