Examlex
The proposed ____________ would make card check recognition of the union automatic.
Opportunity Cost
Missing out on potential gains from other choices upon selecting one option.
Leisure
Free time when an individual is not engaged in work or essential activities, often used for relaxation, hobbies, or cultural and artistic pursuits.
Income Effect
Refers to the change in an individual's or economy's income and how that change will impact the quantity demanded of a good or service.
Substitution Effect
The change in demand for a good or service caused by a change in its price, leading consumers to substitute it with other goods or services.
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