Asked by Kelsey Whalen on May 12, 2024
Verified
Those who feel that unions positively affect productivity and efficiency argue that unions are:
A) "voice mechanisms" that reduce labor turnover.
B) "exit mechanisms" that reduce labor turnover.
C) "voice mechanisms" that accelerate labor turnover.
D) "exit mechanisms" that accelerate labor turnover.
Productivity
The measure of efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.
Efficiency
The extent to which resources are used in the best possible way to produce goods and services.
Labor Turnover
The rate at which employees leave a company and are replaced by new employees, often used as a measure of a company's stability and employee satisfaction.
- Investigate the theoretical and empirical arguments about the positive and negative effects of unions on labor markets.
Verified Answer
Learning Objectives
- Investigate the theoretical and empirical arguments about the positive and negative effects of unions on labor markets.
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