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OPEN SHOP: An employment arrangement in which workers of a firm are free to join or not join a union because employment is unrelated to union membership. Because an open shop tends to limit the proportion of a firm's employees represented, this can significantly dilute a labor union's market control. Open shops are established in states that have right-to-work laws.
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Lesson 1: Economic Basics | Unit 5: Policies
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Page: 16 of 18
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Several problems prevent market deficiencies from being efficiently corrected by government action. Government imperfections: - Voter Apathy: When people don't vote, leaders don't know what the public really wants.
- Special Interest Groups: Those with influence, can adversely affect government policies.
- Re-election Minded Politicians: Leaders who please only a few, won't represent everyone.
- Complex Bureaucracies: Complexity keeps public workers from being responsible for their actions.
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AUTONOMOUS EXPORTS Exports to the foreign sector that do not depend on domestic income or production (especially national income or gross domestic product). Exports depend on foreign income or production, but not on domestic income or production. While other expenditures have both autonomous and induced components, exports are exclusively autonomous. Autonomous exports are a key part of the autonomous part of net exports. Induced net exports are due to induced imports.
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GREEN LOGIGUIN
[What's This?]
Today, you are likely to spend a great deal of time flipping through the yellow pages looking to buy either a replacement remote control for your stereo system or a computer that can play video games and burn DVDs. Be on the lookout for telephone calls from former employers.
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This isn't me! What am I?
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The average bank teller loses about $250 every year.
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"Far and away the best prize that life has to offer is the chance to work hard at work worth doing." -- Theodore Roosevelt, 26th US president
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OECD
Organization for Economic Co-operation and Development
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