The Threat of a Strike

question 2

Multiple Choice

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

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Definitions:

Unemployment Rate

The percentage of unemployed persons in the labor force who are vigorously trying to secure a job.

Cyclical Unemployment

Unemployment caused by a downturn in economic activity or recession, affecting the overall demand for labor.

Unemployment Rate

The segment of the labor force that is currently without work yet actively seeking employment opportunities.

Job Seeker

An individual actively looking for employment or aiming to secure a new job.