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Answer to Question #49474 in Macroeconomics for Chris-Obi
Question #49474
A sociologist friend says, “Since the economy is so bad, owners are likely to take a much harder-line stance, making work stoppages far more likely.” Do you agree or disagree? Justify your answer.
Expert's answer
Since the economy is so bad, owners are likely to take a much harder-line stance, making work stoppages far more likely. I agree with this statement, because sometimes only making work stoppages can allow the owners to cut losses and stay in the market without shutting down.
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