Government strongly encouraged unions to be formed

Assignment Help Business Economics

Reference no: EM13834809

The U.S. government strongly encouraged unions to be formed in the early 1940s because they held the view that unions would help to

a. co-ordinate the all-out production efforts needed during World War II.

b. develop uniform procedures for forming unions across the country.

c. raise the standard of living of the American people during World War II.

d. end the racial discrimination that was prevalent in American workplaces.

Reference no: EM13834809

Questions Cloud

Economists have tried to quantify the value of non-market : What are two ways that economists have tried to quantify the value of non-market work so that it can be added to GDP to produce a more inclusive measure of economic activity?

Several units of a homogeneous product as single package : A monopoly is considering selling several units of a homogeneous product as a single package. A typical consumer’s demand for the product is Qd = 40 - 0.5P, and the marginal cost of production is $50. Determine the optimal number of units to put in a..

What is bertrand equilibrium in market-linear demand : The firms cost functions are given by the following functional form: C(qi)=ciqi, where i=1,2. Under this functional form, the firms marginal cost equals its average cost. Discuss each firm’s best-response function when the firms compete by choosing p..

Solve for the market price at the cournot-nash equilibrium : Derive firm ones and firm twos best-response functions. Illustrate and solve for the output levels that constitute the Nash equilibrium. Solve for the market price at the Cournot-Nash equilibrium. Solve for firm-one and firm-two profits at the Courno..

Government strongly encouraged unions to be formed : The U.S. government strongly encouraged unions to be formed in the early 1940s because they held the view that unions would help to

Observed prices in posted offer and double auction markets : Explain what happens to observed prices in posted offer and double auction markets as the number of sellers drop to 2. Explain what happens in these two markets as the number of sellers drops to only one seller. Explain why part (b) illustrates the f..

Recall looser pay winner auction experiment done in class : Recall the looser pay winner auction experiment done in class. Discuss how these experiments explain why the bidders changed their minds toward wanting to bid well above the value of the prize, even though they refused to do so at the beginning.

Trade off between inflation-unemployment at natural rate : Now that we have learned that the Short-Run Phillips Curve (SRPC) shows the trade off between inflation and unemployment at the given natural unemployment rate and expected inflation rate, discuss which is worse, too much inflation or too much unempl..

Focus on spending levels to stimulate the economy : What are some of the reasons why the government will need to focus on spending levels to stimulate the economy?

User Account

All Pages