Examlex
By the time of Metacom's War, __________.
Equilibrium Wage Rates
The wage rate at which the quantity of labor demanded by employers equals the quantity of labor supplied by workers.
Strike
The withholding of labor services by an organized group of workers (a labor union).
Exclusive Union
A labor union that only represents workers from a particular company or industry, often having restrictive membership criteria.
Labor Supply
The total hours that workers are willing and able to work at a given wage rate in a specified time period.
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