The law commonly known as the ______________ can impose an 80-day “cooling-off period” to allow time for negotiations to proceed without the threat of a work stoppage.
a. Fair Labor Standards Act
b. Clayton Act
c. Taft-Hartley Act
d. Peonage Act
c. Taft-Hartley Act
The Labor Management Relations Act of 1947—commonly known as the Taft-Hartley Act—states that a court can impose an 80-day “cooling-off period” to allow time for negotiations to proceed without the threat of a work stoppage.
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Which of the following sequences best describes the five necessary steps to develop an economic model in the correct order?
A) (1): Identify the endogenous variables; (2): identify the exogenous variables; (3): develop a model; (4): compare the model with the data; (5): conduct prediction and policy analysis. B) (1): Develop a model; (2): identify the exogenous variables; (3): identify the endogenous variables; (4): compare the model with the data; (5): conduct prediction and policy analysis. C) (1): Conduct prediction and policy analysis; (2): develop a model; (3): identify the endogenous variables; (4): identify the exogenous variables; (5): compare the model with the data. D) (1): Conduct prediction and policy analysis; (2): compare the model with the data; (3):identify the endogenous variables; (4): identify the exogenous variables; (5): develop a model. E) none of the above
Financial institutions are known as financial intermediaries because they serve as go-betweens, which link _____ and _____
a. the government; the taxpayers through IRAs b. savers; borrowers c. employers; employees d. firms; the government e. firms; consumers
Modern mixed economies
A. generally alter the outcome of market processes in a manner that is believed to be in the social interest. B. attempt to redistribute income to make the distribution of income more equitable. C. rely on the government as well as the market to effect the distribution of goods and services. D. undertake all of the actions listed.
Lindsay and Tim are playing the ultimatum game starting with $100 . Based on the coin toss, Lindsay is the player to propose a division of the $100 . If Lindsay acts as economic theory assumes and Tim acts as experimental evidence shows, Tim will