Which of the Following Types of Technology Is Most Often

question 22

Multiple Choice

Which of the following types of technology is most often used to resolve customer complaints quickly?

• A) Facebook
• B) Snapchat
• C) Instagram
• D) Twitter
• E) YouTube

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Definitions:

Labor Supply Curve

This represents the relationship between the amount of labor that workers are willing to offer and the wage rate, typically showing that higher wages incentivize more labor supply.

Inclusive Unionism

The policy, pursued by industrial unions, in which a union attempts to include every worker in a given industry so as to be able to restrict the entire industry’s labor supply and thereby raise wages. Compare with exclusive unionism.

Industrial Unions

Labor unions that organize workers across a wide range of occupations within a single industry.

Monopsonist

A monopsonist is a market condition where there is only one buyer facing many sellers, allowing the buyer to exert significant control over prices.