Economics CH. 3

What do you call the education, training, and experience that make the person useful in the workplace?

• labor force

• skilled labor

• human capital

What do you call jobs that do not require training or specialized skills like farm, factory, or cleaning jobs?

• unskilled labor

• skilled labor

• semiskilled labor

What do you call jobs that require a minimal amount of training, like cooks and lifeguards?

• unskilled labor

• skilled labor

• semiskilled labor

What do yo call jobs in which workers use complex equipment and need little supervision, like bank tellers and computer technicians?

• professional labor

• skilled labor

• semiskilled labor

What do you call jobs in which workers have the highest level of education, like teachers and doctors?

• professional labor

• semiskilled labor

• skilled labor

An organization that works for its members' interests such as fair wages, working conditions, and hours is a/an ________________

• employers

• labor union

• labor force

During collective bargaining, union leaders meet with ________________ to talk about things like pay, working hours, and benefits for workers.

• labor union

• labor force

• employers

The ____________________ is made up of all the people who work for money.

• employers

• labor force

• labor union

_____________ means that the sole proprietor is completely responsible for all business debts.

• wages

• partnership

• unlimited personal liability

As a person's human capital goes up, so do his or her _________________.

• wages

• labor force

• unlimited personal liability