C1.2 Vocabulary related to 'Work & Economy'

A building or room where people perform their jobs is called (a)   .

Economic restructuring has led to a dramatic growth in ___________, such as self-employment and part-time or temporary jobs.

• job relocation

• precarious employment

• upskilling

The practice of multinational companies from 'high wage' countries searching for ways to avoid legal constraints by employing subcontractors from low-wage countries is known as ____________.

• social dumping

• stagflation

• collective bargaining

Which word does NOT refer to the money you earn when you work?

• salary

• wages

• income

• bargaining

A situation in which somebody registered as self-employed, a freelancer or a temp is de facto an employee is known as FALSE SELF-EMPLOYMENT.

It may also be called:

• social dumping

• job relocation

• bogus self-employment

The theory that explains the relationship between the sellers and the buyers of a certain resource is known as the law of (a)   .

STAGFLATION is a term that refers to

• a situation in which someone works in a job that may not be permanent because it is a temporary contract, is in an industry that is experiencing financial problems, etc.

• an employer requesting that a new or existing employee moves to a different area.

• a combination of high inflation and economic stagnation.

People's voting habits are influenced by political, social, and ________ factors.

• economic

• economical

The results were so good at the end of the year, that we decided to _________ a luxury holiday.

• cut back on

• splash out on

• pay off

The system in which employees talk as a group with their employers to try to agree on matters such as pay and working conditions is known as COLLECTIVE (a)   .