Henry Ford is famous for utilizing the assembly line to produce cars. He also paid is workers a wage that was much higher than other firms in the market. This practice is often called minimum wages Union bargaining efficiency wages unemployment insurance
Henry Ford is famous for utilizing the assembly line to produce cars. He also paid is workers a wage that was much higher than other firms in the market. This practice is often called minimum wages Union bargaining efficiency wages unemployment insurance
Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
ChapterST9: Do Labor Unions Increases The Wages Of Workers?
Section: Chapter Questions
Problem 7CQ
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Henry Ford is famous for utilizing the assembly line to produce cars. He also paid is workers a wage that was much higher than other firms in the market. This practice is often called
minimum wages
Union bargaining
efficiency wages
unemployment insurance
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