Which statement describes the neoclassical economics view of industrial relations?
A) It focuses on factors related to the satisfaction of labour demands.
B) It often examines the impact of class struggle and conflict.
C) It sees unions as integral to the labour market.
D) It examines issues related to the effects of unions on poverty.

Question

Quizplus · Accepted Answer

Neoclassical economics focuses on the supply and demand of labour and how wages are determined based on the skills and preferences of workers and employers. It does not typically prioritize examining class struggle or the role of unions in the labour market.

Which Statement Describes the Neoclassical Economics View of Industrial Relations