Economists Would Describe a Labor Union as a

question 26

Multiple Choice

Economists would describe a labor union as a

• A)trade organization.
• B)necessity for competitive labor markets.
• C)labor monopoly.
• D)pure monopsony.

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Definitions:

Technophobia

The fear or dislike of advanced technology or complex devices, especially computers.

Inertia

Inertia is the resistance to change in state of motion or rest, applying to physical objects as well as to organizations and individuals' reluctance to change their behaviors or beliefs.

Breakup Of A Work Group

The dissolution or disbanding of a team or group within an organization, often due to operational changes, conflicts, or reorganization.

Technophobia

The fear or aversion to new technology, often stemming from a lack of understanding or fear of change.