Which of the Following Paired Concepts Are Equivalent to Each

question 69

Multiple Choice

Which of the following paired concepts are equivalent to each other?

• A)decreasing costs; economies of scale
• B)constant costs; economies of scale
• C)increasing returns; diseconomies of scale
• D)decreasing returns; decreasing costs
• E)increasing returns; increasing costs

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Definitions:

Union Security Clause

A provision in a labor contract that requires employees to join the union within a certain time frame as a condition of employment.

National Industrial Recovery Act

A law enacted in 1933 in the United States to authorize the President to regulate industry in an attempt to raise prices after severe deflation and stimulate economic recovery.

NLRB v. Jones and Laughlin Steel Corporation

A landmark 1937 United States Supreme Court case that upheld the constitutionality of the National Labor Relations Act, affirming the national government's power to regulate labor relations.

Federal Mediation and Conciliation Service

A U.S. government agency that provides mediation and conciliation services to facilitate the resolution of labor disputes between unions and employers.