Fearing a Sit-Down Strike in 1937, How Did U

question 100

Multiple Choice

Fearing a sit-down strike in 1937, how did U.S. Steel react?

• A) The company hired private detectives to infiltrate the Steel Workers Organizing Committee.
• B) The company hired a private police force to prevent a sit-down.
• C) The company offered a slight raise, but refused to recognize the Steel Workers Organizing Committee.
• D) The company agreed to recognize the Steel Workers Organizing Committee.
• E) The company asked several states to send a militia.

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Comparative Advantage

The ability of a country or firm to produce a particular good or service at a lower opportunity cost than others, leading to more efficient global production and trade.

Dumping

The practice of selling a product in a foreign market at a price lower than its domestic market or below its cost of production, often to increase market share or eliminate surplus.

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is a measure of the economic output of a country divided by its population, providing an average economic welfare indicator.