The Express Purpose of a Boycott Is the Same as a Strike

question 26

True/False

The express purpose of a boycott is the same as a strike -- to hurt the employer and strengthen the union's bargaining position.

Recognize the factors that influence the elasticity of demand for a product.

Assess how businesses use price elasticity of demand to make pricing decisions.

Understand the economic theory behind the price elasticity of demand and its real-world applications.

Understand basic concepts of human physical and cognitive development.