Chapter 9 vocab Econ

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Across
  1. 6. ____ of negotiated Wages- explanation of wage rated based on the bargaining of organized labor
  2. 8. court order issued to prevent a company or union from taking action during a labor dispute
  3. 9. management refuses to let employees work until company demands are met
  4. 11. ____ Unions- Unions organized, supported, or run by an employer
  5. 13. demonstrate or march before a place of business to protest a company's actions or policies
  6. 14. _____ Wage Rate- wage rate leaving neither surplus nor a shortage of workers in the marker
  7. 15. temporary government takeover of a company to keep it running during a labor-management dispute
  8. 17. Union-organized work stoppage designed to gain concessions from an employer
  9. 18. Process of resolving a dispute by bringing in a neutral 3rd party to help both sides reach a compromise
  10. 19. ____ Wage System- wage scale paying newer workers a lower wage than others already on the job
  11. 22. _____ Unions- labor union not affiliated with the AFL-CIO or the Change to Win Coalition
  12. 24. ______ Procedure- provision in a contract outlining the way future disputes and grievance issues will be resolved
  13. 26. ___ Theory of Wage Determination- explanation stating that the supply and demand for a worker's skills and services determine the wagEquilibriumalary
  14. 27. wage, fringe benefit, or work rule given up when renegotiating a contract
  15. 28. ____ Ceiling- seemingly invisible wage gap of women and minorites in a white male-dominated organization
  16. 29. _____ Dollars- dollar amounts or prices that are not adjusted for inflation
  17. 31. Agreement by two parties to place a dispute before a 3rd party of a binding settlement also calliInjectionrbitration
  18. 32. ___ Year- year serving as a point of comparison for other year in a prince index or other statistical measure
  19. 33. ___ Bargaining- process of negotiating between union and management representatives after pay, benefits, and job-related maters
  20. 34. ____ Depression worst period of economic decline in U.S lasting from approximately 1929-1939
  21. 35. ____ -arrangement under which workers must join a union before they are hired; usually illegal
Down
  1. 1. length of time a person has been at a job
  2. 2. ___ Theory- theory that employers are willing to pay more for people with certificates, diplomas, degrees, and other indicators of superior ability
  3. 3. ____ Shop- arrangement under which workers must join a union after being hired
  4. 4. Potest in the form of refusal to buy, including attempts to convince others to take their business elsewhere
  5. 5. _____ Wage- lowest legal wage that can be paid to most workers
  6. 7. _____ Union Shop- arrangement under which workers have the option to join a union after being hired
  7. 10. agreement between union an dmanagement to have a neutral 3rd party collect facts about a dispute and present nonbinding recommendations
  8. 12. ____ Shop- arrangement under which nonunion members must pay union fees
  9. 16. ____ Union- Labor union whose members perform different kinds of work in the same industry
  10. 20. ___ Rate- prevailing pay scale for work performed in an occupation in a given area or region
  11. 21. ____law- state law making it illegal to require a worker to join a union
  12. 23. ____ or Constant Dollars- dollar amounts or prices that are adjusted for inflation
  13. 25. ____ Contract- guaranteed contract or portion of a contract reserved for a targeted group, usually a minority
  14. 29. ___ Union- labor union whose members perform that same kind of work; same as trade
  15. 30. _____labor force- noninstitutionalized part of the overpopulation, aged 16 and over, either working or looking for a job