Examlex
Distinguish between the terms bargaining agent and bargaining unit.
Rent Seeker
An individual or entity that seeks to increase their share of existing wealth without creating new wealth, often through manipulation of the economic environment.
Public Choice Theory
A framework that analyzes how public decisions are made, focusing on the behavior and interests of voters, politicians, and bureaucrats.
Excess Burden
The cost to society created by market inefficiency, which occurs when supply and demand are out of equilibrium, often due to taxes or monopolies.
Social Cost
The total cost to society as a result of an action or activity, including both private costs incurred by individuals and external costs affecting others.
Q24: An employer is vicariously liable for the
Q33: When a person acquires temporary possession of
Q45: When an employee leaves the job because
Q72: One of the important features of residential
Q94: Which of the following is true with
Q97: Explain what constitutes a bulk sale and
Q98: Jurg was hosting a luncheon when his
Q101: It is up to the labour relations
Q107: Which of the following is not one
Q184: Joe was a chauffeur, working for Sam.