WorksheetsUnit Three Lesson Ten Economics
Total questions: 20
Worksheet time: 10mins
Policies designed to promote the hiring of individuals from groups that have historically faced job discrimination
Decisive action
Wage gap
Fringe benefits
Affirmative action
Negotiations between an employer and a group of employees, usually represented by a labor union
Labor bargaining
Collective bargaining
Equilibrium wage
Offshore bargaining
The rate of pay that results in neither a surplus nor a shortage of labor
Equilibrium wage
Collective wages
Wage gap
Labor wage
Nonwage compensations offered to workers in addition to pay; examples include health care and vacation benefits
Labor benefits
Right-to-work law
Labor laws
Fringe benefits
The portion of the population that has paid work or is seeking work
Affirmative action
Labor force
Wage gap
Labor laws
Relocating work and jobs to another country; the opposite of inshoring
Inshoring
Labor Force
Offshoring
Wage gap
Right-to-work laws in many states prohibit employers from:
Laying off workers when business slows down
Making prior experience a condition of employment
Promoting only high-performing employees
Requiring workers to join a labor union
A difference in the wages earned by various groups in society, such as between men and women
Wage gap
Labor gap
Offshoring
Corporation
Who is included in the labor force?
A homemaker volunteering at an animal shelter
A 30 year-old serving in the air force
A laid-off carpenter looking for a job
A prison inmate waiting to be released
An example of a knowledge worker is a
Lifeguard who knows CPR
Lawyer who creates contracts
Temporary worker who stocks shelves
Cashier who handles money
A recent trend in the labor force is that the number of
Workers in the United States has decreased since the 1980s
People working in the manufacturing industry has increased
Younger workers is expected to increase by 2016
Women and minorities in the labor force has increased
The process by which people around the world are becoming increasingly interconnected is called
Globalization
Certification
Inshoring
Telecomuting
Which period of the U.S history brought legislation that most supportive of collective bargaining?
Post-Civil War Era 1860's
Industrial Revolution Early 1800's
1930's New Deal Era
Post-World War II Era
1945 - 1955
In general, wage rates are determined by
Wage gap and affirmative action
Bread-and-butter unionism
Supply and demand
Inshoring and offshoring
Why might a company increase the wage rate for a position?
The job required work in dangerous conditions
The cost of living was getting higher
Few workers were applying for the position
All answers are correct
A scenario that best exemplifies the wage gap is when
A Hispanic woman makes less money than a Hispanic man
An Asian female makes more money than another Asian female
A man and a woman, both in their mid-30s, make the same amount of money
Two males make the same amount of money despite an experience gap
What is the first step to building human capital?
Considering salary and benefit requirements
Attaining education and work experience
Identifying aptitudes, interests, and aspirations
Solidifying a network of colleagues and friends
An example of a knowledge worker is a
Temporary worker who stock shelves
A doctor who writes instructions on how to perform surgery
Lifeguard who knows CPR
A janitor who cleans a hospital
Unions can improve wages and working conditions
By advocating right-to-work laws
Through signing yellow-dog contracts
By negotiating individually
Through collective bargaining
What was the purpose of the Taft-Hartley Act?
To outlaw right-to-work laws
To limit the power of unions
To allow collective bargaining
To legalize closed shops
