Unit Three Lesson Ten Economics

Front

Policies designed to promote the hiring of individuals from groups that have historically faced job discrimination

Back

Affirmative action

Front

Negotiations between an employer and a group of employees, usually represented by a labor union

Back

Collective bargaining

Front

The rate of pay that results in neither a surplus nor a shortage of labor

Back

Equilibrium wage

Front

Nonwage compensations offered to workers in addition to pay; examples include health care and vacation benefits

Back

Fringe benefits

Front

The portion of the population that has paid work or is seeking work

Back

Labor force

Front

Relocating work and jobs to another country; the opposite of inshoring

Back

Offshoring

Front

Right-to-work laws in many states prohibit employers from:
- Laying off workers when business slows down
- Making prior experience a condition of employment
- Promoting only high-performing employees
- Requiring workers to join a labor union

Back

Requiring workers to join a labor union

Front

A difference in the wages earned by various groups in society, such as between men and women

Back

Wage gap

Front

Who is included in the labor force? Options: A homemaker volunteering at an animal shelter, A 30 year-old serving in the air force, A laid-off carpenter looking for a job, A prison inmate waiting to be released

Back

A laid-off carpenter looking for a job

Front

An example of a knowledge worker is a

Back

Lawyer who creates contracts