Examlex
The guarantees the rights of workers to organize and bargain collectively and forbids employers from engaging in specified unfair labor practices.
Increasing Marginal Opportunity Costs
The principle that as production of a good expands, the opportunity cost of producing an additional unit rises.
Discrimination
The practice of according individuals or groups inferior treatment in hiring, occupational access, education and training, promotion, wage rates, or working conditions even though they have the same abilities, education, skills, and work experience as other workers.
Production Possibilities Curve
The production possibilities curve is a graphical representation showing the maximum combination of goods or services that can be produced in a given time period, given available resources and technology.
Concave
A shape or curve that is rounded inward, resembling the interior of a circle or sphere.
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