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Strike Threat
An indication or warning from employees or a labor union that they are considering a strike to press for better working conditions, pay, or benefits.
Elastic Demand
Describes a situation where the quantity demanded of a good or service significantly changes in response to changes in its price.
High Tariffs
Elevated taxes imposed on imported goods and services to protect domestic industries or to generate revenue.
Unionized Sectors
Industries or sectors where workers are members of a union, which negotiates wages, working conditions, and other employment terms on their behalf.
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