Answer:
C. Limited the powers of labor unions
Explanation:
The Taft–Hartley Act or Labor Management Relations Act of 1947, is a federal law in United States that limits the powers of labor unions and its activities.
The Act was implemented on June 23, 1947, under the veto of President Harry S. Truman.
It came into effect after the major strike wave in United States during 1945-46.
The law successfully amended the 1935 National Labor Relations Act. It clearly prohibits union from engaging into "unfair labor practices" like political strikes, jurisdictional strikes, boycotts, monetary donations etc.
The restrictions were imposed to keep a check on proper exercise of powers by the labor unions and to maintain a liberal market flow in America.
A solid grasp on the instruments and controls at your disposal
I think.. that is correct
Answer:
B. A business gives its employees a raise, so it cannot afford to buy any TV ads.
Explanation:
Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.
Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.
For instance, if you decide to invest resources such as money in a paying your employees (workers), your opportunity cost would be the benefits like increased sales you could have earned if you had invested the same amount of resources in advertising your business.
Hence, the situation which best illustrates the economic concept of opportunity is when, a business gives its employees a raise, so it cannot afford to buy any TV ads.
