WorksheetsEcon Quiz 9.1-9.3
Total questions: 20
Worksheet time: 10mins
In the past 50 years, the United States economy has made a major shift from
agriculture to manufacturing.
manufacturing to services.
agriculture to services.
services to manufacturing.
The screening effect is
all nonmilitary people who are employed or unemployed.
the theory that education increases productivity and results in higher wages.
the theory that the completion of college indicates to employers that a job applicant is intelligent and hardworking.
a temporary or part-time job.
In which of the following fields are some computer skills useful?
farming
trucking
teaching
all of the above
The labor force is
all nonmilitary people who are employed or unemployed.
the theory that education increases productivity and results in higher wages.
the theory that the completion of college indicates to employers that a job applicant is intelligent and hardworking.
a temporary or part-time job.
How is a person counted as unemployed?
The person is currently working but is about to be laid off.
The person must have worked within the last six months or have been injured on the job.
The person must have work lined up for the future or actively searching for a job.
The person has held a job for at least six months but is not currently working.
Benefits make up what percentage of total compensation today?
10 percent
18 percent
28 percent
40 percent
The learning effect is
all nonmilitary people who are employed or unemployed.
the theory that education increases productivity and results in higher wages.
the theory that the completion of college indicates to employers that a job applicant is intelligent and hardworking.
a temporary or part-time job.
The practice of negotiating labor contracts that keep unnecessary workers on a company's payroll is
skilled labor.
featherbedding.
a glass ceiling.
derived demand.
Labor that requires minimal specialized skills and education is called
unskilled labor.
semi-skilled labor.
skilled labor.
professional labor.
Productivity is
labor that requires specialized skills and training.
labor that requires advanced skills and education.
value of output.
value of input.
Complete the sentence to make the most accurate statement. At equilibrium
the supply of labor is higher than the demand for labor.
the higher the wage for a job, the more people attracted to it.
there is no pressure to raise or lower wages.
workers are paid according to the value of what they produce.
Demand that is determined by demand for another good or service is
derived demand.
equilibrium wage.
labor union.
unskilled labor.
Which of the following is an example of how employers have lowered labor costs?
replaced physical capital with human capital
moved factories to other countries
hired more highly educated workers
engaged in featherbedding
In the early years of the labor movement, what was one of the main reasons workers wanted to organize?
Machines were replacing workers' jobs.
Workers wanted health insurance and vacation benefits.
Factories were dangerous places to work.
Workers were afraid that their jobs would be shifted to foreign countries.
What tactic, involving a work stoppage, do unions use to force employers to address their demands?
collective bargaining
strikes
mediation
arbitration
What is the name for a settlement technique in which a third party reviews the case and imposes a decision that is legally binding for both sides?
a right-to-work law
collective bargaining
mediation
arbitration
Someone who works in an industrial job, often in manufacturing, and who receives wages is a(n)
white-collar worker.
blue-collar worker.
union organizer.
unskilled laborer.
The process in which union and company representatives meet to negotiate a new labor contract is called
a right-to-work law.
collective bargaining.
mediation.
arbitration.
Why was the Taft-Hartley Act passed?
to curb union power
to allow unions to organize white-collar workers
to give workers a minimum wage
to allow employers to fire union organizers
I certify, on penalty of receiving zero credit for this course, that in completing this test, l have done so honestly without the help of others or resources not agreed to by my teacher.
Yes
No
