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Abe starts exercising regularly, and after a few months he can do twice as much of everything. In a single day Abe can now make 10 hamburgers or 8 milkshakes rather than the 5 hamburgers and 4 milkshakes he made in the past. We now know that Abe's production possibility frontier has _____, but his opportunity costs of making milkshakes _____.
PATCO Strike
Refers to the 1981 strike by the Professional Air Traffic Controllers Organization in the United States, which resulted in the firing of striking employees.
Labor Relations
The professional and legal relationship between employees and employers, focusing on collective bargaining, union activities, and workplace disputes.
Permanent Strike Replacements
Workers hired to permanently take the positions of employees who are on strike, often used by employers as a strategy to undermine strike effectiveness.
Bargaining Power
The advantage one party has over the other in negotiations, often derived from one's ability to influence the outcome or offer something of value.
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