Econ 2nd Sem Sec 2 CH 9

a member of the labor force from another country allowed to live and work in the US temporarily

• Labor Force

• Derived Demand

• Guest workers

• Outsourcing

• Strike

an organized work stoppage intended to force an employer to address union demands

• Labor Force

• Derived Demand

• Guest workers

• Outsourcing

• Strike

all nonmilitary people who are employed or unemployed

• Labor Force

• Derived Demand

• Guest workers

• Outsourcing

• Strike

a type of demand that is set by demand for another good or service

• Labor Force

• Derived Demand

• Guest workers

• Outsourcing

• Strike

the practice of contracting with another company to do a specific job that would otherwise be done by the companies own workers

• Labor Force

• Derived Demand

• Guest workers

• Outsourcing

• Strike

the process in which union and company management meet to negotiate a new labor contract

• Offshoring

• Equilibrium Wage

• Labor Union

• Glass Ceiling

• Collective Bargaining

an unofficial barrier that sometimes prevents women and minorities from advancing to the top ranks of organizations dominated by white men

• Offshoring

• Equilibrium Wage

• Labor Union

• Glass Ceiling

• Collective Bargaining

the movement of a company’s operations to another country

• Offshoring

• Equilibrium Wage

• Labor Union

• Glass Ceiling

• Collective Bargaining

an organization of workers that tries to improve working conditions, wages, and benefits for its members

• Offshoring

• Equilibrium Wage

• Labor Union

• Glass Ceiling

• Collective Bargaining

the wage rate that is set when supply of workers meets demand

• Offshoring

• Equilibrium Wage

• Labor Union

• Glass Ceiling

• Collective Bargaining