What Function Is the National Labor Relations Board Carrying Out

question 2

Multiple Choice

What function is the National Labor Relations board carrying out when it settles disputes between labor and management on federal labor laws?

• A) creating regulations
• B) adjudicating/engaging in quasi- judicial processes
• C) providing expert advice
• D) providing a check on congressional power
• E) providing a check on judicial power

---

Definitions:

Demand Shift

Occurs when a change in factors other than the price of the good itself leads to a change in consumer demand, causing the demand curve to move left or right.

Equilibrium Price

The price at which the quantity of a good demanded equals the quantity supplied, leading to no shortage or surplus.

MR

Short for Marginal Revenue, it is the increase in revenue from selling one additional unit of a good or service.

Negative Profits

A financial loss or situation where expenses exceed revenues in a business.