Multiple Choice
Which statement best defines collective bargaining?
A) It is the process by which the government sets exemptions from the minimum-wage law.
B) It is setting the same wage for all employees to prevent jealousy among workers.
C) It is the situation when firms collude to set the wages of employees in order to keep them below equilibrium.
D) It is the process by which unions and firms agree on the terms of employment.
Correct Answer:
Verified
Correct Answer:
Verified
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