![Economics Today and Tomorrow, Student Edition](https://www.bartleby.com/isbn_cover_images/9780078747663/9780078747663_largeCoverImage.gif)
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN: 9780078747663
Author: McGraw-Hill
Publisher: Glencoe/McGraw-Hill School Pub Co
expand_more
expand_more
format_list_bulleted
Question
Chapter 12, Problem 14AA
To determine
To explain the kind of labor unions and the workers involved in each.
Expert Solution & Answer
![Check Mark](/static/check-mark.png)
Explanation of Solution
Labor unions are formed so as to get the increased wages and the benefits regarding the job in the industry along with the healthy environment to work in with job security.
There are 4 different kinds of Labor unions as:
- Craft unions: when the workers of the same category of the work come together and form a union that is known as craft unions also called horizontal unions. The type of workers involved in this union is non-managerial personnel, which can be unskilled or semi skilled workers.
- General unions: These unions are formed for protecting the overall interest of the workers of any industry or region for some job. The type of workers involved in this can be any from unskilled, semi skilled or skilled workers.
- Industrial unions: These unions are of major importance in today’s world as these are such unions in which the different categories of workers whose aims are same in the industry and are under same rules and regulations from the management are called industrial unions also known as vertical unions. Workers involved in such unions are the one who are skilled.
- Federations: When the industrial unions of the different industries or the same industry come into an association so as to improve the unity and strength of laborers in the industrial world, then that can be termed as federations. All types of workers get involved in this.
Chapter 12 Solutions
Economics Today and Tomorrow, Student Edition
Ch. 12.1 - Prob. 1RCh. 12.1 - Prob. 2RCh. 12.1 - Prob. 3RCh. 12.1 - Prob. 4RCh. 12.2 - Prob. 1RCh. 12.2 - Prob. 2RCh. 12.2 - Prob. 3RCh. 12.2 - Prob. 4RCh. 12.3 - Prob. 1RCh. 12.3 - Prob. 3R
Ch. 12.3 - Prob. 4RCh. 12 - Prob. 1AACh. 12 - Prob. 2AACh. 12 - Prob. 3AACh. 12 - Prob. 4AACh. 12 - Prob. 5AACh. 12 - Prob. 6AACh. 12 - Prob. 7AACh. 12 - Prob. 8AACh. 12 - Prob. 9AACh. 12 - Prob. 10AACh. 12 - Prob. 11AACh. 12 - Prob. 12AACh. 12 - Prob. 13AACh. 12 - Prob. 14AACh. 12 - Prob. 15AACh. 12 - Prob. 16AACh. 12 - Prob. 17AACh. 12 - Prob. 18AACh. 12 - Prob. 19AACh. 12 - Prob. 20AACh. 12 - Prob. 21AACh. 12 - Prob. 22AACh. 12 - Prob. 23AACh. 12 - Prob. 24AACh. 12 - Prob. 25AACh. 12 - Prob. 26AACh. 12 - Prob. 27AA
Additional Business Textbook Solutions
Find more solutions based on key concepts
Create an Excel spreadsheet on your own that can make combination forecasts for Problem 18. Create a combinatio...
Operations Management: Processes and Supply Chains (12th Edition) (What's New in Operations Management)
11-13. Discuss how your team is going to identify the existing competitors in your chosen market. Based on the ...
Business Essentials (12th Edition) (What's New in Intro to Business)
13. Indicate how each of these accounts should be classified in the stockholders’ equity section of the balance...
Financial Accounting: Tools for Business Decision Making, 8th Edition
Horizontal analysis(Learning Objective 2)15-20 min. Below are net sales and net income data for a five-year per...
Financial Accounting, Student Value Edition (5th Edition)
(Capital asset pricing model) Using the CAPM, estimate the appropriate required rate of return for the three st...
Foundations Of Finance
E2-13 Identifying increases and decreases in accounts and normal balances
Learning Objective 2
Insert the mis...
Horngren's Accounting (12th Edition)
Knowledge Booster
Similar questions
- Bzbsbsbdbdbdbdarrow_forwardRecent research indicates potential health benefits associated with coffee consumption, including a potential reduction in the incidence of liver disease. Simultaneously, new technology is being applied to coffee bean harvesting, leading to cost reductions in coffee production. How will these developmentsaffect the demand and supply of coffee? How will the equilibrium price and quantity of coffee change? Use both words and graphs to explain.arrow_forwardRecent research indicates potential health benefits associated with coffee consumption, including a potential reduction in the incidence of liver disease. Simultaneously, new technology is being applied to coffee bean harvesting, leading to cost reductions in coffee production. How will these developmentsaffect the demand and supply of coffee? How will the equilibrium price and quantity of coffee change? Use both words and graphs to explain.arrow_forward
- ► What are the 95% confidence intervals for the intercept and slope in this regression of college grade point average (GPA) on high school GPA? colGPA = 1.39 + .412 hsGPA (.33) (.094)arrow_forwardG Interpret the following estimated regression equations: wagehr = 0.5+ 2.5exper, where wagehr is the wage, measured in £/hour and exper is years of experience, colGPA = 1.39.412 hsGPA where colGPA is grade point average for a college student, and hsGPA is the grade point average they achieved in high school, cons 124.84 +0.853 inc where cons and inc are annual household consumption and income, both measured in dollars What is (i) the predicted hourly wage for someone with five years of experience? (ii) the predicted grade point average in college for a student whose grade point average in high school was 4.0, (iii) the predicted consumption when household income is $30000? =arrow_forward1. Solving the system of inequalities: I≥3 x+y1 2. Graph y=-2(x+2)(x-3) 3. Please graph the following quadratic inequalities Solve y≤ -1²+2+3arrow_forward
- Not use ai pleasearrow_forwardnot use ai pleasearrow_forwardWhat are the key factors that influence the decline of traditional retail businesses in the digital economy? 2. How does consumer behavior impact the success or failure of legacy retail brands? 3. What role does technological innovation play in sustaining long-term competitiveness for retailers? 4. How can traditional retailers effectively adapt their business models to meet evolving market demands?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Principles of Economics (12th Edition)EconomicsISBN:9780134078779Author:Karl E. Case, Ray C. Fair, Sharon E. OsterPublisher:PEARSONEngineering Economy (17th Edition)EconomicsISBN:9780134870069Author:William G. Sullivan, Elin M. Wicks, C. Patrick KoellingPublisher:PEARSON
- Principles of Economics (MindTap Course List)EconomicsISBN:9781305585126Author:N. Gregory MankiwPublisher:Cengage LearningManagerial Economics: A Problem Solving ApproachEconomicsISBN:9781337106665Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike ShorPublisher:Cengage LearningManagerial Economics & Business Strategy (Mcgraw-...EconomicsISBN:9781259290619Author:Michael Baye, Jeff PrincePublisher:McGraw-Hill Education
![Text book image](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9780190931919/9780190931919_smallCoverImage.gif)
![Text book image](https://www.bartleby.com/isbn_cover_images/9780134078779/9780134078779_smallCoverImage.gif)
Principles of Economics (12th Edition)
Economics
ISBN:9780134078779
Author:Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:PEARSON
![Text book image](https://www.bartleby.com/isbn_cover_images/9780134870069/9780134870069_smallCoverImage.gif)
Engineering Economy (17th Edition)
Economics
ISBN:9780134870069
Author:William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:PEARSON
![Text book image](https://www.bartleby.com/isbn_cover_images/9781305585126/9781305585126_smallCoverImage.gif)
Principles of Economics (MindTap Course List)
Economics
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:Cengage Learning
![Text book image](https://www.bartleby.com/isbn_cover_images/9781337106665/9781337106665_smallCoverImage.gif)
Managerial Economics: A Problem Solving Approach
Economics
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Cengage Learning
![Text book image](https://www.bartleby.com/isbn_cover_images/9781259290619/9781259290619_smallCoverImage.gif)
Managerial Economics & Business Strategy (Mcgraw-...
Economics
ISBN:9781259290619
Author:Michael Baye, Jeff Prince
Publisher:McGraw-Hill Education