Which Demographic Characteristics Are the Best Predictors of Interest Group

question 52

Multiple Choice

Which demographic characteristics are the best predictors of interest group membership?

• A) color and education
• B) income and gender
• C) race and social class
• D) social class and income
• E) income and education

Assess the relationship between high performance work practices and company profitability.

Understand the impact of labor-management partnerships on work organization, efficiency, and labor relations.

Evaluate the legal landscape and strategies surrounding labor-management relations and employee involvement programs.

Recognize the impact of labor laws on employee involvement plans and nonunion representation.

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Definitions:

Recession

A fleeting period of economic diminution, involving a dip in trade and industry work, usually defined by a decrease in GDP over two following quarters.

Foreign Purchases Effect

The impact on a country’s balance of trade when its currency appreciates or depreciates, influencing the price of imports and exports.

Price Level

The general level of prices for goods and services in an economy.

Classical Theory

A broad framework in economics emphasizing free markets, competition, and the self-regulating nature of economies.