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NATIONAL LABOR RELATIONS ACT: A major labor union promoting act under New Deal program of the Roosevelt administration in 1935, it modified and replaced the National Industrial Recovery Act that was declared unconstitutional earlier in the year. Also known as the Wagner Act and frequently going by the acronym NLRA, it outlawed unfair labor practices by employers, such as the refusal by a firm to negotiate with a union representing a majority of its employees. It also established the National Labor Relations Board, which oversees labor activities.

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Lesson 2: Economic Science | Unit 4: Science and Practice Page: 15 of 20

Topic: Verification <=PAGE BACK | PAGE NEXT=>

Last verification. Data collected for 50 students in an economics class.
  • 3 of 6 As--1st row, 7 of 11 Bs--2nd row, 9 of 21 Cs--3rd row, 4 of 7 Ds--4th row, 4 of 5 Fs--5th row.
  • 3 of 7 in 1st row--As, 7 of 11 in 2nd--Bs, 9 of 12 in 3rd row--Cs, 4 of 10 in 4th row--Ds, 4 of 10 in 5th row--Fs.
Results:
  • There appears to be a relationship between course grade and seat position.
  • There is no evidence to suggest that our hypothesis is false.

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AD VALOREM TAX

A tax specified as a percentage of the price or value of a good, service, asset, or other activity. Ad valorem taxes tend to be broad based, imposed on activities such as income and retail sales. In fact, the two most important ad valorem taxes are income taxes and sales taxes. People pay a percentage of their incomes in income taxes or a percentage or the value of their purchases in sales taxes, regardless of the amount of time spent working or the quantities of goods purchases. An alternative is a per unit tax, with is a tax specified as a percentage of the physical quantity of a good.

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ORANGE REBELOON
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Today, you are likely to spend a great deal of time searching the newspaper want ads trying to buy either a birthday greeting card for your uncle or a T-shirt commemorating the 2000 Presidential election. Be on the lookout for broken fingernail clippers.
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The first paper currency used in North America was pasteboard playing cards "temporarily" authorized as money by the colonial governor of French Canada, awaiting "real money" from France.
"Give the American people a good cause, and there's nothing they can't lick. "

-- John Wayne, actor

FITW
Federal Income Tax Witholding
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