A Technological Improvement in the Production of Good X Causes

question 162

Multiple Choice

A technological improvement in the production of good X causes the:

• A) demand curve for X to shift to the right.
• B) demand curve for X to shift to the left.
• C) supply curve for X to shift to the right.
• D) supply curve for X to shift to the left.

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Definitions:

Pattern Bargaining

A labor negotiation strategy where the terms agreed upon in one bargaining unit or company serve as a model for negotiations in others.

Concession Bargaining

A negotiation process in which the labor union agrees to give up certain benefits or conditions in exchange for something else from the employer.

Pattern Bargaining

A negotiation strategy where a labor union uses the terms of a successfully negotiated contract with one employer as a benchmark for negotiations with other employers.

Hardball Tactics

Aggressive or uncompromising methods used in business, politics, or sports, often to gain an advantage or settle a dispute.