Which statement concerning powers granted the President of the United States by the Taft-Hartley Act is TRUE?
A) The President can obtain an injunction that will stop a strike, if the strike involves government workers only.
B) The President can require management to negotiate with a union and if the firm's management refuses, the President can appoint an arbitrator to resolve the conflict.
C) The President can obtain an injunction that will stop a strike for an eighty-day "cooling off" period if the strike is expected to imperil national safety or health.
D) The President can obtain an injunction that will stop a strike indefinitely.
C
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Refer to Figure 15-2. The firm's profit-maximizing price is
A) P1. B) P2. C) P3. D) P4.
If activists successfully lobbied government to force firms to produce more output than they normally would in a perfectly competitive market,
A) consumer surplus would decline. B) producer surplus would increase. C) taxation would solve the problem. D) total surplus in the market would decline.