Answer:
Union.
Explanation:
Collaborative bargaining can be defined as a strategic process which typically involves a formal negotiation between an employer of labor (top executive or management) and a union representing the employees working in an organization so as to both reach an agreement on minimum wage, benefits and other pertinent working conditions.
The union and management agreement that allows non-union people to be hired but requires that they join the union after a probationary period creates the union shop.
Under a union shop, employers are saddled with the responsibility of either employing only labor union members or require that all new employees that aren't members of the union as at the time of employment become members after a probationary period i.e within a specific period of time.
Answer:
B. make the consumer equally happy.
Explanation:
An indifference curve can be defined as the graphical representation of two products (commodities) that gives a customer equal utility and satisfaction and as such making him or her indifferent about them as they are equally happy.
Hence, an indifference curve shows the various bundles of goods that make the consumer equally happy.
Answer:
has its profits taxed as personal income.
Explanation:
Some of the advantages of sole proprietorships are that they do not require expensive legal costs in order to establish them, but their two main disadvantages are that it is more difficult to raise additional funds and the owner (sole proprietor) has unlimited liability against any obligation resulting from the business. They also have a limited life, since they cease to exist if the owner dies.
Answer:
1) b)Frictional
2) c) Cyclical
3) a) Structural
Explanation:
1) Caroline just graduated from college and is looking for a full-time position with an investment banking firm.
FRICTIONAL.
This is a situation of frictional unemployment, which occurs when there is mobility of labor and workers. It occurs in a natural situation, at the time when individuals are looking for a job.
2) Frances is a real estate agent. House sales in her area have declined because the region has been going through a recession. She has no clients and is currently looking for a new full-time job.
CICLYCAL.
This is a situation that occurs when the economy of a locality cannot sustain the condition of full employment, it can occur in a situation of slow economic growth or certain setbacks.
3) Antonio recently lost his job as a waiter at a local restaurant. A recent increase in the minimum wage keeps local employers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work. He continues to look for a job, but he's considering going back to school for vocational training.
STRUCTURAL.
Structural unemployment occurs when there is not a sufficient number of jobs in a given sector, which can result from several different variables, such as the incompatibility between the vacancies available and the skills of workers.
