If the Negotiations Between Union and Management Representatives Come to a Standstill

question 39

Multiple Choice

If the negotiations between union and management representatives come to a standstill and a third party is brought in to make suggestions or propose solutions to help resolve the impasse,then the third party would likely be a(n)

• A)arbitrator.
• B)conciliator.
• C)mediator.
• D)strikebreaker.
• E)scab.

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Definitions:

Automatic Stabilizers

Economic policies and programs that automatically adjust to temper the fluctuations in an economy, such as unemployment insurance and progressive taxes.

Annual Deficit

The shortfall that occurs when a government's expenditures exceed its revenues within a one-year period.

Economy Contracting

A phase where there is a decrease in the level of economic activity within a country, often indicated by a reduction in spending, investment, and GDP growth.

Trade Deficits

A situation where a country's imports of goods and services exceed its exports within a specified time period.