Workers in an automotive plant are threatening to strike. management has given executives huge pay raises. the current contract expires in eight months, but work has already begun on the new contract. management wants to give smaller raises to the union than has been given in contracts for the past 20 years. lambert has been hired to make sure that negotiations don’t break down, that management and labor keep talking to each other. what is lambert doing?
since smoking is very popular. (1 billion people smoke) it would be very important if they start with researching about smoking, so they can hopefully reduce the amount of smokers in the world.
the answer is:
b. they must establish a fair labor market.
d. they must open up trade to other countries
in mixed-market economy, both government and the private sectors play equally important roles in managing/regulating the economy.
establishing fair labor market is being done in order to prevent the private sectors from abusing their workers. opening trade to other countries is being done by the government sectors through mutually beneficial foreign policies which will improve our total exports.
frank and john can refer to the gross domestic product (gdp) to understand how government economists view the price situation, gdp accounts for changes in price level and provide a more accurate figure of economic activities over a given period of time.
are there any choices? (multiple choice, word bank, etc.)