A System of Interrelated Ideas Used to Explain a Set

question 32

Multiple Choice

A system of interrelated ideas used to explain a set of observations is called

• A) a theory.
• B) an empirical set.
• C) a hypothesis.
• D) a sociohistorical context.

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Definitions:

Labor Shortages

Labor shortages occur when employers have difficulty filling positions due to a lack of available, qualified candidates.

Equilibrium Wage Rates

The wage rate at which the quantity of labor demanded by employers equals the quantity of labor supplied by workers.

Strike

The withholding of labor services by an organized group of workers (a labor union).

Exclusive Union

A labor union that only represents workers from a particular company or industry, often having restrictive membership criteria.