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UNFAIR LABOR PRACTICE: An activity on the part of employers to discourage legal labor union actions or on the part of labor unions to discourage legal nonunion employee actions. In the never ending battle between labor and management to gain the upper hand in the labor market each side has engaged in practices to thwart the power of the other side. Management commonly undertook what are now termed unfair labor practices in the early stages of the labor union movement to prevent unions from gaining power. Once unions gained power, however, then too engaged in unfair labor practices to keep and enhance that power. Unfair labor practices by management were largely outlawed by the National Labor Relations Act. Unfair labor practices by labor unions were largely outlawed by the Taft-Hartley Act.
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INDETERMINANT The directional change in a variable, resulting from the disruption of an equilibrium that is identified using comparative statics, is not known. This term is commonly used to indicate that the change in either price or quantity is unknown when the market experiences simultaneous shifts in both the demand and supply curves. For example, an increase in both demand and supply definitely cause an increase in the quantity exchanged. But whether the market price increases or decreases is indeterminant.
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BEIGE MUNDORTLE
[What's This?]
Today, you are likely to spend a great deal of time searching the newspaper want ads seeking to buy either a rechargeable battery for your cell phone or a T-shirt commemorating the 2000 Olympics. Be on the lookout for letters from the Internal Revenue Service.
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This isn't me! What am I?
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A lump of pure gold the size of a matchbox can be flattened into a sheet the size of a tennis court!
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"Be willing to have it so. Acceptance of what has happened is the first step to overcoming the consequences of any misfortune." -- William James, Psychologist
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AFBD
Association of Futures Brokers and Dealers (UK)
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