A Lockout Occurs When

question 59

Multiple Choice

A lockout occurs when:

• A) a picket is placed around a firm that agrees to take a partially finished product and finish it with the firm against whom the union is having a labor dispute
• B) an agreement is reached where the union gets firms that buy products from the employer that is being struck to agree not to buy goods from that employer until that dispute is settled
• C) the union forces another union to stop handling the products of the primary employer until a dispute is settled
• D) the employer refuses to permit employees to work until a labor dispute is settled
• E) none of the other choices

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Definitions:

Inflation

The economic condition characterized by a general increase in prices and fall in the purchasing value of money.

Quintile Distribution

A statistical measure used to divide a population into five equal groups based on a particular variable, such as income.

Income Share

The portion or percentage of national income or personal revenue received by an individual or group, often studied in the context of economic inequality.

Social Stratification

Refers to the way in which society is organized into layers based on wealth, power, and status.