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WorksheetsEconomics- Topic 5- Labor
Total questions: 11
Worksheet time: 6mins
Labor Force
all nonmilitary people who are employed or unemployed
a group of workers that tries to improve working conditions, wages, benefits, etc.
Labor Union
all nonmilitary people who are employed or unemployed
a group of workers that tries to improve working conditions, wages, benefits, etc.
Right to Work Laws
a measure that bans mandatory union membership
a neutral person meets with both parties to try and find a solution
a neutral party listens to both sides and imposes a decision that is legally binding
Mediation
a measure that bans mandatory union membership
a neutral person meets with both parties to try and find a solution
a neutral party listens to both sides and imposes a decision that is legally binding
Arbitration
a neutral party listens to both sides and imposes a decision that is legally binding
a neutral person meets with both parties to try and find a solution
a measure that bans mandatory union membership
Outsourcing
the practice of contracting with another company to do a specific job that would otherwise by the companies own workers
movement of some of the companies operations or resources of production to another country
unofficial barrier that someone prevents some women and minorities from advancing
the theory that education increases efficiency of production
Offshoring
the practice of contracting with another company to do a specific job that would otherwise by the companies own workers
movement of some of the companies operations or resources of production to another country
unofficial barrier that someone prevents some women and minorities from advancing
the theory that education increases efficiency of production
Learning Effect
the practice of contracting with another company to do a specific job that would otherwise by the companies own workers
movement of some of the companies operations or resources of production to another country
unofficial barrier that someone prevents some women and minorities from advancing
the theory that education increases efficiency of production
Glass Ceiling
the practice of contracting with another company to do a specific job that would otherwise by the companies own workers
movement of some of the companies operations or resources of production to another country
unofficial barrier that someone prevents some women and minorities from advancing
the theory that education increases efficiency of production
Derived Demand
is set by the demand for another good
the wage rate that is set when the supply of workers meets the demand for workers
the wage rate that is set when the supply of workers does not meet the demand for workers
consumers will buy more of a good when its price is lower and less when the price is higher
Equilibrium Wage
is set by the demand for another good
the wage rate that is set when the supply of workers meets the demand for workers
the wage rate that is set when the supply of workers does not meet the demand for workers
consumers will buy more of a good when its price is lower and less when the price is higher
