The threat of a strike
a. can serve as an incentive for labor and management to reach an agreement
b. destroys incentives for labor and management to reach an agreement
c. is usually not taken seriously because employers know the workers will suffer during a strike
d. is not taken seriously unless management expects to suffer
e. is not taken seriously if public safety is at risk
A
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Which of the following is NOT a reason for Canada to join NAFTA?
a. Canadian firms can expand their markets by selling to the United States and Mexico. b. Canadian firms can enjoy lower average costs by producing more. c. Canada did not want U.S. products to dominate its domestic market. d. Canada will see an increase in income and employment by joining NAFTA.
Starting at full employment, a business cycle can be described by the following sequence: ________ equilibrium, ________ equilibrium, ________ equilibrium
A) full-employment; below full-employment; above full-employment B) below full-employment; full-employment; above full-employment C) above full-employment; below full-employment; full-employment D) below full-employment; full-employment; below full-employment