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In 2005, Teaching Assistants at the University of Oregon Went

question 95

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In 2005, teaching assistants at the University of Oregon went on strike. Which aspect of their job made it easier for them to strike than most American workers?


Definitions:

Elastic Demand

A market condition where the demand for a product is sensitive to price changes, meaning that a small change in price results in a large change in the quantity demanded.

Deadweight Loss

A loss in economic efficiency that occurs when the optimal quantity of a good or service is not produced or traded.

Labor Markets

Economic marketplaces where labor services are bought and sold, and wages, employment levels, and working conditions are determined.

Inelastic Supply

A situation where the quantity supplied of a good or service is relatively unresponsive to changes in its price.

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