According to Standard Economic Thought, Strikes Are Irrational Because It

question 101

True/False

According to standard economic thought, strikes are irrational because it is rare for a union to "win" in a strike.

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Definitions:

Republished

Issued or produced again, especially with the aim of reaching a wider audience or correcting previous issues.

Taft-Hartley Act

Federal legislation designed to curtail some of the powers that unions had acquired under the Wagner Act; designates certain union actions as unfair. Also called Labor-Management Relations Act.

Restrictions

Limitations or conditions placed on actions, activities, or agreements, often aimed at regulating behavior or use.

Unionization

The process of organizing workers into a union, a collective entity that negotiates with employers for better terms and conditions of employment.