Which of the following statements about labor unions and management during the 1940s is most accurate?
a. The real earnings of workers increased significantly during World War II.
b. During World War II there were many strikes.
c. There were few strikes during World War II because management frequently locked-out labor before the employees could strike.
d. Immediately following the end of the war was a period of significant earnings growth for labor union members.
a. The real earnings of workers increased significantly during World War II.
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Indicate whether the statement is true or false
Which of the following is an imperfection of market economies?
a. They produce inexpensive services but expensive manufactured goods. b. They place undue importance on the needs of future generations. c. They cannot provide certain goods such as national defense. d. They distribute income too unequally.