Suppose a Union Threatened a Strike That Had the Potential

question 171

Multiple Choice

Suppose a union threatened a strike that had the potential to shut down all electric power in the Washington-Baltimore-New York corridor after unsuccessful mediation and arbitration. The next step might be for the

• A) residents to seek alternative sources of electric power.
• B) mayors of the three cities to ask their respective governors to call out the National Guard of each state involved.
• C) president of the United States to obtain a temporary injunction to prevent the strike.
• D) manager of the electric company's generating station to call a wildcat strike.
• E) union president to contact the Federal Emergency Management Agency (FEMA).

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Definitions:

Repayments

The action of paying back a loan or debt.

Capital Flight

The rapid movement of large sums of money or capital out of a country, typically to avoid economic instability or unfavorable investing conditions.

Financial Capital

Resources, including money and other assets, used by businesses to facilitate and finance their operations.

Developing Countries

countries with a lower level of material well-being, industrialization, and economic performance than developed countries.