What is the purpose of the following figure? 
Definitions:
Open Shops
Workplaces where union membership is not required as a condition of employment.
Wage Rates
The amount of compensation paid to employees for their labor, measured per unit of time or piece of work done.
Productivity of Labor
The output per labor hour or the efficiency with which labor is utilized in the production process.
Monopsonist
An entity that is the only buyer in a market, giving it significant control over the price and terms of purchase of goods or services.
Q26: Under a gold standard,countries control<br>A)its flexible exchange
Q42: The international capital market is:<br>A)the international currency
Q67: Which of the following statements is TRUE
Q71: Over the period 1960-2010,the United States economy
Q79: Under the EMS,Germany set the system's<br>A)monetary policy
Q80: Statistical studies of the relationship between interest
Q109: A currency board can _ a country's
Q145: The DD schedule shows<br>A)interest rate and output
Q161: Discuss the impact of the restoration of
Q300: The term market failure refers to<br>A) a