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WorksheetsEconomics Unit 4 Quiz (Labor)
Total questions: 25
Worksheet time: 31mins
The process in which union and company management meet to negotiate a new labor contract.
Collective bargaining
Mediation
Arbitration
Right-to-work laws
What did Samuel Gompers found?
Teamsters
American Federation of Labor
Haymarket Riot
What is the “price of labor”
Wages
Demand
productivity
Supply
__________ has lead to the extinction of other jobs.
Trade off
politics
Technology
Education
The number of _______ have consistently grown in the labor force.
women
men
Child labor
None of the above
Organization of workers who collectively seek to improve wages, working conditions, benefits, job security, and other work-related matters.
Labor Union
Corporation
Small business
Elastic
The practice of foreign companies establishing operations in and therefore bringing jobs to the United States.
Outsourcing
Insourcing
Inelastic
Scarcity
The practice of contracting with an outside company to provide goods and services
Outsourcing
Insourcing
scarcity
Economic models
Business required to hire only union members
Right-to-work
Union shop
Closed shop
None of these
True or False: Military members are counted in the labor force.
True
False
A person who is paid hourly AND is NOT specialized would be considered part of the ...?
Unskilled Labor
Skilled Labor
Semi-Skilled Labor
Professional Labor
True or False: Labor Unions are organizations of workers in a specific field.
True
False
What is an organized work stoppage to address labor demands?
Strike
Mediation
Arbitration
Collective Barganining
A person who earns a salary and has advanced skills and education is a part of?
Unskilled Labor
Skilled Labor
Semi-Skilled Labor
Professional Labor
what is a blue collar worker?
manual work, primarily industrial
office/professional settings
have to have a degree to do their job
provides service
what is a white collar worker?
has to have a college degree
manual/industrial work
provides a service
office/professional settings
what is a professional?
office/professional setting
has to have a college degree
manual/industrial work
provides a service
what are service workers?
has to have a college degree
manual/industrial work
provides a service
office/professional setting
what is the equation of unemployment?
#of people unemployed/100
#of people unemployed times 100
#of people unemployed/civilian labor forcex100
a^2+b^2=c^2
what is the unemployment rate usually?
10%
3.5%
7%
5%
if supply is greater than demand what does it create?
unemployment
surplus
government intervention
nothing
These organizations tried to improve working conditions for workers-
Political Bosses
Labor Unions
Political Machines
Big Businesses
Place each answer in the correct columns.
What are the Pros and Cons of unions?
Job Security
Antagonistic work environment
Better Pay
Shorter Work Week
Slower to change
Expensive fees
What is the current minimum wage in California? Do you think it is high enough, why or why not?
How would raising the minimum wage actually help lower costs for small businesses?
