WorksheetsEconomics – Ch. 8-10 Review
Total questions: 25
Worksheet time: 13mins
What is a Monopoly
Business that has no competition
Guarantee that a product will do what it should
Use of machinery or robots to replace humans
Non-union workers hired during a strike
What are Warranties
Use of machinery or robots to replace humans
Lowest hourly wage a business must pay a worker
Non-union workers hired during a strike
Guarantee that a product will do what it should
Who is included in the labor force
People who are 16 or older workers or looking for a job
Retired individuals
What are Wages
Business that has no competition
Guarantee that a product will do what it should
Use of machinery or robots to replace humans
Price businesses pay for labor
What are Robots
Use of machinery or robots to replace humans
Business that has no competition
Non-union workers hired during a strike
People who are 16 or older workers or looking for a job
What is Automation
Electronic machines programmed to do tasks
Business that has no competition
Use of machinery or robots to replace humans
Non-union workers hired during a strike
Guarantee that a product will do what it should
What is Minimum wage
Lowest hourly wage a business can pay a worker
Benefits that unions must supply for workers
Guarantee that a product will do what it should
Business that has no competition
What are Labor union?
Use of machinery or robots to replace humans
Business that has no competition
Guarantee that a product will do what it should
Non-union workers hired during a strike
Organization that fights for workers rights
What are Scabs
Non-union workers hired during a strike
Business that has no competition
Use of machinery or robots to replace humans
16 or older workers or looking for a job
Guarantee that a product will do what it should
What are Union dues
Dues paid by workers to support the union
Business that has no competition
Use of machinery or robots to replace humans
Guarantee that a product will do what it should
Non-union workers hired during a strike
Some of the benefits that unions have accomplished for workers include:
Longer working hours
Lower wages
Improved working conditions
Fewer workplace rights
Some of the problems that unions have caused include:
Improved worker safety
Higher unemployment, strikes, and reduced productivity
Increased company profits
Lower wages for workers
15. Why has union membership declined over the past two decades?
Because of increased automation and changes in the labor market.
Because unions have become more popular.
Because there are more manufacturing jobs now.
Because union dues have decreased.
If there is a large labor supply, the wages are going to be:
Low
High
17. Adam Smith’s believed that competition was good for the economy. The name of his famous book is:
The Wealth of Nations
Das Kapital
The General Theory of Employment, Interest and Money
The Communist Manifesto
What are Right-to-work laws
Company closes the doors to its workers
People can work without belonging to a union
Outside party determines a fair outcome for both sides
Determination by the government to freeze wages
What is a Closed shop
Must apply to be apart of a union within 30 days
Ability to work at any company
Only members of a union can be hired
Company closes doors to workers
Workers urge others not to buy products
what are Fringe benefits
Implementation of new management policies
Increases in wage earnings
Online instruction of technology
Dividends paid out to shareholders
G. Benefits other than wages; vacation, sick pay
What occurs during Collective bargaining
A Negotiation between management and workers
Management opens new positions in the company
Company closes the doors to its workers
Outside party determines a fair outcome for both sides
What is a Strike
Company closes the doors to its workers
Outside party determines a fair outcome for both sides
Workers meet to discuss fair compensation
Workers stop working until demands are met
What occurs in a Boycott?
An Outside party determines a fair outcome for both sides
Company closes the doors to its workers
Outlawed closed shops in 1947
Workers urge consumers to not buy company’s goods
What happens in a Lockout?
Outlawed closed shops in 1947
Outside party determines a fair outcome for both sides
Workers stop working until demands are met
Company closes the doors to its workers
Largest union in the United States
What is Arbitration?
Outside party determines a fair outcome for both sides
Company closes the doors to its workers
Outlawed closed shops in 1947
Workers stop working until demands are met
Largest union in the United States
What is the AFL-CIO?
Workers stop working until demands are met
Company closes the doors to its workers
Outlawed closed shops in 1947
Largest union in the United States
Outside party determines a fair outcome for both sides
What did the Taft-Hartley Act do?
Outlawed closed shops in 1947
Company closes the doors to its workers
Workers stop working until demands are met
Largest union in the United States
Outside party determines a fair outcome for both sides
