A ______________ is outlawed by the Taft-Hartley Act. It is considered the most extreme form of union membership.
a. union shop
b. closed shop
c. right-to-work shop
d. agency shop
Ans: b. closed shop
Business
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Describe the role of GATT and the WTO in reducing barriers to trade and investment worldwide, and explain how this reduction has led to the integration and interdependence of national economies
What will be an ideal response?
Business
What form of decision theory assumes that decision makers are rational beings who always seek to strictly maximize economic goals?
A) the theory of bounded rationality B) normative decision theory C) satisficing decision theory D) human optimal decision theory
Business