All of the following are true about the Wagner Act of 1935 except that it
a. prohibited unfair labor practices by unions
b. was the most important piece of labor legislation in United States union history
c. established that firms must accept unions as legitimate institutions in collective bargaining
d. guaranteed the union's right to conduct elections freely among workers
e. is regarded by unions as their Magna Carta
A
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A natural monopoly that is not regulated will choose to produce at the
A) minimum point of the long-run average cost curve. B) point at which marginal cost is above average total cost. C) point at which the demand curve intersects the long-run average cost curve. D) point at which marginal revenue equals marginal cost.
Marginal productivity is
a. The total output associated with total inputs b. The total output associated with extra inputs c. The extra output associated with total inputs d. The extra output associated with extra inputs