Answer the following statements true (T) or false (F)

Question

The mainstream economics perspective is the only school of thought that believes that labor and management truly have equal bargaining power in the labor market.
The notion that management and labor have common goals and that there is no inherent conflict of interest between them is consistent with a unitarist view of the employment relationship.
The pluralist view of conflict in the workplace says that there are no shared interests between employers and employees in the employment relationship.
According to the industrial relations school of thought, there is an inherent conflict of interest between employers and employees and that conflict is over how to split profit between them.
During the recent recession, many companies have instituted wage freezes, dropped health care coverage, and increased hours of work to maintain profitability. According to the industrial relations school, the competitive forces of the economy, and employees' rights to quit and find another job, provide a sufficient "check and balance" system to ensure that other employers do not take advantage of the poor economy simply as a way to decrease the share of profits that are paid to labor.

Answer 1

TRUE
TRUE
FALSE
TRUE
FALSE