Unit 3 Vocabulary

4. submitted with a resume explaining the applicant's credentials and interest in the open position
6. funding to help college students pay for higher-education expenses such as tuition, room and board, and supplies
10. the production of goods that will be used to produce other goods
11. Amount of money paid for each hour of work
13. a way the government funds your ideas and projects to provide public services and stimulate the economy
15. an award of financial aid for a student to further education
16. combine paid on-the-job training with classroom instruction to prepare workers for highly-skilled careers
17. a fixed amount of money agreed every year as pay for an employee

1. an application that gives employers an overview of your relevant credentials, experiences, and skills
2. the assets passed down to individuals after someone dies
3. the amount employees earn after all payroll deductions are subtracted from their gross pay
5. an occupation undertaken for a significant period of a person's life and with opportunities for progress
7. The amount by which the value of the assets exceed the liabilities
8. a company or individual decides to focus their labor on a specific type of production
9. get hands-on experience applying the tools of economic analysis to specific job and project assignments
12. the number of persons actually working
13. what employees earn before taxes; benefits and other payroll deductions are withheld from their wages
14. a cost that businesses incur in running their operations