A Strike Is Not Entered into Lightly by an Employee

question 29

Multiple Choice

A strike is not entered into lightly by an employee. Which of the following items is least likely to be considered?

• A) Is the objective worth the cost?
• B) What will other people think of me?
• C) What is my expense of participation?
• D) What are the legal ramifications?
• E) all of these are equally likely to be considered by an employee

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Definitions:

Minimum Wage

The lowest legal wage that can be paid to workers, set by government law or regulation.

Equilibrium Market Wage

The wage rate at which the quantity of labor supplied equals the quantity of labor demanded in a given market.

Bricklayers

Skilled tradespeople who lay bricks to construct brickwork for buildings and other structures.

Marginal Product

The additional output resulting from the use of one more unit of a productive resource.