Exhibit 12-7 
-The situation represented in Exhibit 12-7 reflects all of the following employment conditions except one. Which is the exception?
A) collective bargaining by an industrial union for higher wages and benefits
B) high union membership fees
C) imposition of qualifying exams for prospective workers
D) imposition of long apprenticeship periods
E) restriction of employment to union members
Correct Answer:
Verified
Q152: If a teachers' union negotiates the wage
Q159: Exhibit 12-6 Q161: In order to reduce labor supply, a Q164: Craft unions attempt to increase wages in Q172: Craft unions typically attempt to increase wages Q173: Which of the following may be used Q174: If a professional association restricts membership and Q176: A craft union is a union of Q177: If a union raises initiation fees significantly Q180: Featherbedding ultimately results in greater worker efficiency
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