Chapter 9 Review: Economics

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