alleryStart learning →Negotiations between unions and firms are sometimes called:
ACompetitive tendering
BComparative advantage
CConsumer surplus
DCollective bargaining
Answer & Solution
Correct answer: D. Collective bargaining
1. The union negotiating process has a standard name.
2. Unions require employers to deal with workers collectively.
3. Negotiations between unions and firms are sometimes called collective bargaining.
4. The outcome is a wage agreed for the whole group.
_Source: OpenStax Principles of Microeconomics for AP Courses 2e (CC BY 4.0), Ch 15 'Labor Markets and Income'_
Keep practising Labor Markets and Income
Browse all Labor Markets and Income questions for AP Microeconomics, or explore more Economics topics.
Related questions
Complete the union storyTap what belongs to each sideOrder the union bargaining chainTrue or false: labor marketsMatch each labor market termLabor markets are described as one example of a broader category, namely:A union that wins higher wages without any productivity gain raises the firm's:The 15,080 dollars earned at full-time minimum wage was compared with a 2016 public univer