Union Workers at an Auto Parts Plant Go Out on Strike

question 120

Multiple Choice

Union workers at an auto parts plant go out on strike. In response, management closes the plant. This tactic is a ______.

• A) secondary boycott
• B) cooling-off period
• C) lockout
• D) strikebreaker

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Definitions:

Autarky

A situation where a country or economy is self-sufficient and does not engage in international trade or relies on imports.

Comparative Advantage

An economic principle that states a country or individual can produce a good or service at a lower opportunity cost than others.

Consumption Point

A specific point on a consumer’s budget constraint that shows the combination of different goods or services they will consume to maximize utility.

Wheat

A cereal grain considered a staple food in many parts of the world, used to make products like bread, pasta, and cereal, among others.