Which of the following best describes typical employer attitudes toward organized labor (unions) during the 19th century?
(a) Positive—unions could promote cooperation with management to achieve
more efficient operations
(b) Negative—union-promoted labor gains seized profits and encouraged
inefficient behavior
(c) Indifferent—unions had little impact on business profitability
(d) Mixed—about half of employers favored unions and half opposed them
(b)
You might also like to view...
Which of the following statements about central bank structure and independence are true?
A) In recent years, with the exception of the Bank of England and the Bank of Japan, most countries have reduced the independence of their central banks, subjecting them to greater democratic control. B) Before the Bank of England was granted greater independence, the Federal Reserve was the most independent of the worlds central banks. C) Both theory and experience suggest that more independent central banks produce better monetary policy. D) While the European Central Bank is independent, it is not as independent as the Federal Reserve.
Which of the following are two components of the opportunity cost of using capital already owned by the firm?
A) economic profit and normal profit B) implicit rental rate and economic profit C) explicit rental rate and economic costs D) economic depreciation and forgone interest