17
QuizMultiple Choice

Government Influence and Labor Markets — Test

Question 17 • Economics

What is the definition of collective bargaining?

Answer
A
ongoing salary negotiations between an employee and a factory owner
B
labor union and employer negotiations about wages and other issues
C
an agreement among a group of factory owners to raise worker wages
D
a written set of guidelines about legal and illegal workplace conditions

Explanation

Collective bargaining is the process in which a labor union represents workers in negotiations with an employer. They discuss wages and may also address benefits, hours, and working conditions. The correct choice is labor union and employer negotiations about wages and other issues.

AI-written and checked against the verified answer.

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