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From the table above, which gives data about the U.S. labor market in 1933, the labor force is
Arbitrator
An independent person or body officially appointed to settle a dispute, often chosen by the parties involved for their expertise in a specific area.
Settlement Terms
Conditions that are agreed upon by parties to resolve a dispute or a lawsuit, often involving compromises or payments.
Bargaining Obligation
The legal responsibility of employers and unions to negotiate in good faith over terms and conditions of employment, including wages, hours, and working conditions.
Impasse
A situation in negotiations where no agreement can be reached because the parties involved cannot find a solution to their differences.
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