If an Employer Withholds Employment to Resist Union Demands with the Help

question 11

Multiple Choice

If an employer withholds employment to resist union demands with the help of layoffs, shutting down, or bringing in nonunion workers, it is known as a(n) ________.

• A) strike
• B) lockout
• C) impasse
• D) deadlock

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Definitions:

Marginal Analysis

An economic method that involves comparing additional benefits and costs incurred from a particular action for decision-making purposes.

Economic Incentives

Financial or material rewards or penalties that influence the behavior of individuals and businesses.

Grade Papers

The process of evaluating and assigning scores to students' written work or exams.

Economic Concept

A theoretical construct that explains various aspects of the economy, including transactions, decision-making processes, and the behavior of markets.