OECD Is an Important Supranational Entity

question 51

Multiple Choice

OECD is an important supranational entity. What do the letters OECD stand for?

• A) Organization of Electrical Companies Directorate
• B) Oil Exporting Countries and Developers
• C) Organization for Economic Cooperation and Development
• D) Oil Exporting Corporations and Divisions

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Definitions:

Deregulation

The reduction or elimination of government power in a particular industry, usually to foster more competition and increase efficiency.

NLRA

The National Labor Relations Act, a cornerstone in U.S. labor law, facilitates the process of collective bargaining and aims to curtail the prevalence of unfair labor practices.

Free Market Forces

The natural regulatory mechanisms of a free market economy, driven by supply, demand, and competition.

Social Movement Unionism

A trend within labor movements that emphasizes broader social justice issues beyond just the workplace, linking labor struggles with other social and political movements.