Examlex
Price elasticity of demand is the percent change in price demanded for a given percent change in quantity.
Taft-Hartley Act
A 1947 U.S. federal law that restricts the activities and power of labor unions.
Union Shop Contracts
Agreements requiring employees to join a union within a certain period after being hired.
Right-To-Work State
A state that prohibits agreements between labor unions and employers that make membership, payment of union dues, or fees a condition of employment, either before or after hiring.
Moderate Union
A labor union that adopts a less confrontational stance towards employers and focuses on negotiation and compromise.
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