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If a person is going to borrow $360,000 for a home and pay it off in monthly payments of $3,159.26 for 30 years the internal rate of return is
Mackay Doctrine
A principle from U.S. labor law allowing employers to permanently replace striking workers under certain conditions, established in the case NLRB v. Mackay Radio & Telegraph Co.
Perfect Information
A scenario in economics where all parties have access to all relevant information about a transaction, market, or event before it occurs.
Strikes
Work stoppages initiated by employees as a form of protest against terms of employment or to demand better wages and conditions.
Secondary Boycott
A form of protest by workers refusing to deal with companies that do business with another company involved in a labor dispute.
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