Asked by Jezelle Zapanta on May 28, 2024
Verified
Some economists claim that unions reduce economic efficiency by:
A) providing a voice mechanism for workers.
B) insisting that promotions be based on ability rather than seniority.
C) imposing restrictions on the kinds of jobs workers may perform.
D) increasing worker turnover.
Economic Efficiency
A condition in which all resources are allocated in a way that maximizes the total benefit to society or minimizes waste.
Voice Mechanism
A means by which individuals or groups can express opinions, feedback, or concerns, often in the context of organizational decision-making or governance.
Job Restrictions
Regulations or rules that limit who can perform certain jobs or work in certain professions, often requiring specific qualifications or licenses.
- Evaluate the implications of unionization on efficiency in production, turnover rates among workers, and the economy's productivity.
Verified Answer
Learning Objectives
- Evaluate the implications of unionization on efficiency in production, turnover rates among workers, and the economy's productivity.
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