Which of the Following Is Not an Explanation for the Existence

question 104

Multiple Choice

Which of the following is not an explanation for the existence of unemployment in the long run?

• A)it takes time for workers to search for the jobs that are best suited for them
• B)minimum-wage laws
• C)unions
• D)the business cycle

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Definitions:

Hardball Tactics

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

Collective Bargaining

Engaging in talks between company representatives and labor groups to achieve mutual consent on aspects like salaries, working environment, bonuses, and additional features of employee remuneration and privileges.

Legally Binding

A contract or agreement that is enforceable by law, meaning parties must fulfill their obligations or risk legal action.

Grievance Procedures

Formal steps followed by an organization to address complaints or disputes raised by employees regarding workplace conditions or treatment.