Examlex
Twenty-three of the 50 states rejected a proposed constitutional amendment to make the house fly the National Insect. What percentage is this?
Occupational Licensing
The laws of state or local governments that require that a worker satisfy certain specified requirements and obtain a license from a licensing board before engaging in a particular occupation.
Exclusive Unionism
The policy, pursued by many craft unions, in which a union first gets employers to agree to hire only union workers and then excludes many workers from joining the union so as to restrict the supply of labor and drive up wages. Compare with inclusive unionism. The policies typically employed by a craft union.
Imperfectly Competitive Input Markets
Markets where the factors of production (inputs) are bought and sold, and where no single buyer or seller can influence prices significantly due to the presence of many competitors, but not enough for perfect competition.
Variable Resources
Inputs that can be adjusted in the short term to meet changes in the level of production, such as labor or raw materials.
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