How was the Great Depression instrumental in setting the workplace governance rules in the United States?
What will be an ideal response?
As a result of the Great Depression, the general public became concerned about the ability of a purely competitive market model to provide reasonable terms and conditions of employment. As a result, legislation was passed that reflected a prevailing belief that unions are needed to counter the power of corporations. In addition, minimum working standards were established via the Fair Labor Standards Act to ensure some basic working standards existed where no collectively bargaining was in place.
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If the home country's government grants a subsidy on a domestically produced good, domestic producers tend to
a. capture the entire subsidy in the form of higher profits. b. increase their level of production. c. reduce wages paid to domestic workers. d. consider the subsidy as an increase in production cost.
Choose the correct word or words in parentheses. We spent (fewer, less) than $25
Economies of scale refers to which of the following?
a. Seeking out customers that will purchase large quantities b. Purchasing and manufacturing product in high volume c. Mitigating risk by insurance d. Producing low volume product before higher volume product
Which of the following should you do when interpreting and analyzing a graphic presented within a text?
A) ?Restate what the graphic obviously shows to facilitate a deeper level understanding. B) ?Emphasize the main point you are making and include an improved revision. C) ?Include extra graphics in order to reiterate what the main graphic states. D) ?List all the statistics already presented in the text emphasizing their importance.