If a single large employer bargains with an inclusive union, the resulting labor market model can best be described as:
A. a cartel.
B. countervailing power.
C. a bilateral monopoly.
D. an internal labor market.
Answer: C
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________ is the market value of production generated by the factors of production possessed or owned by the residents of a particular nation
A) Gross domestic product B) Total Market Value C) Gross National Product D) Net domestic product
What determines if a person is in the labor force?
What will be an ideal response?
As the U.S. price level increases, expenditures by which of the following will remain unaffected?
A. Businesses B. Government C. Consumers D. The rest of the world
Which of the following is a situation in which all countries can benefit, even if some benefit more than others?
A. Near equivalent-result game B. Positive-sum game C. Balanced scorecard D. Zero-sum game E. Economic progression