Examlex
Which statement(s) can be attributed to Elinor Ostrom?
I. She identified rules that are required for sustainable user-managed common property resources.
II. She identified the concept of government failure.
III. She argued that under certain conditions, the efficient allocation of resources among parties can be attained through bargaining.
Natural Rate
Often referred to as the natural rate of unemployment, indicating the level of unemployment expected in an economy without short-term cyclical fluctuations.
Tastes and Skills
Individual preferences and abilities that influence consumer behavior and labor market dynamics, affecting demand for goods and employment opportunities.
Right-to-Work Laws
Legislation that prohibits requiring employees to join a union as a condition of employment, aiming to protect workers' rights to choose.
Unionized Firm
A company where the workforce is represented by one or more labor unions, which negotiate wages, work hours, and working conditions on behalf of the employees.
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