Examlex
The primary response to negative events at work that is a passive,negative response in which interest and effort in the job declines is termed exit.
Nash Equilibrium
A concept in game theory where each player's strategy is optimal, given the strategies of all other players, resulting in a stable outcome where no player has an incentive to deviate.
Simultaneous Move Game
A type of strategic game in which all players make their decisions at the same time without knowledge of the other players' choices.
Efficient
An economy is efficient if all assets are employed in their highest-valued uses.
Lockout
A labor dispute tactic where employers prevent employees from entering the workplace.
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