In the US It's More Important for Union Reps to Keep the Keep

question 81

True/False

In the U.S. it's more important for union reps to keep the structures of reciprocity operating than to implement new models of organizing.

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Definitions:

Third Industrial Revolution

The period characterized by the digital revolution and the use of electronics and information technology to automate production.

Law of Diminishing Returns

A principle stating that as one factor of production is increased while others are held constant, there comes a point at which the marginal gain in output begins to decrease.

Long Run

A period in which all factors of production and costs are variable, allowing for complete adjustment to changes.

Commercial Aircraft

Airplanes designed specifically for carrying passengers and/or cargo for commercial airlines.