An organization offers training programs for its employees at a subsidized rate to help them use a nascent technology that the organization is adopting. The trained employees later bargain for a higher wage from the management as their probability of finding better paying jobs increase because some other companies are also adopting it. This action of the employees is an example of:
a. selfishness.
b. holding up.
c. opportunism.
d. specificity.
Question 2
The ownership of property is not related to economic development.
Indicate whether the statement is true or false
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