Labor

Union found by Samuel Gompers for SKILLED workers to increase wages and firm profits.

• American Federation of Labor

• Congress of Industrial Organizations

• Knights of Labor

• all of these

Union membership is currently _______ in America

• decreasing

• increasing

• staying the same

• all of these

People without a job but are actively seeking a job

• unemployed

• employed

• underemployed

• discouraged worker

a work stoppage used by firms as leverage against unions

• lock out

• strike

• arbitration

• mediation

Process in which unions and firms negotiate a labor contrat

• collective bargaining

• arbitration

• mediation

• lock out

• strike

The introduction of minorities and women into the work force increased the ______ of labor.

• supply

• demand

• equilibrium

• all of these

An increase in the supply of labor _________ the price of labor....or wages..paychecks.

• decreases

• increases

A decrease in the supply of labor ______ the prices of labor...meaning wages...paychecks

• increases

• decreases

a labor market with only ONE major employer who controls wages.

• Monopsony

• monopoly

• oligopoly

• oligopsony

• all of these

Unions of skilled or unskilled workers who are employed in the same general industry such as autoworkers or miners. Everyone in the factory must join the union no matter what job they perform.

• Industrial Union

• Craft Union

• Open Shop

• Closed Shop