Which Views of Industrial Relations Are Based in Economics

question 19

Multiple Choice

Which views of industrial relations are based in economics?

• A) neoclassical economics and pluralist
• B) human resources/strategic choice and political economy
• C) neoclassical economics and human resources/strategic choice
• D) pluralist and political economy

---

Definitions:

Capacity

The maximum level of output that a company can sustain to make a product or provide a service, taking into account current resources and facilities.

Short Run

A time period in economics during which at least one input is fixed while others may be variable, affecting the production and costs of a business.

Long Run

In economics, the long run refers to a period in which all inputs or factors of production can be varied and no costs are fixed.

Capital Intensity Ratio

A metric that measures the amount of assets required to generate a dollar of revenue, indicating how much capital is invested in production.