Chapter 9 Vocab Economics

12345678910111213141516171819202122232425262728293031323334
Across
  1. 1. process of resolving a dispute by bringing in a neutral third party to help both sides reach a compromise
  2. 4. arrangement under which workers have the option to join a union after being hired
  3. 5. between union and management to have a neutral third party collect facts about a dispute and present nonbinding recommendations
  4. 7. wage system wage scale paying newer workers a lower wage than others already on the job
  5. 8. wage rate leaving neither a surplus nor a shortage of workers in the market
  6. 9. guaranteed contract or portion of a contract reserved for a targeted group, usually a minority
  7. 10. labor unions not affiliated with the AFL-CIO or the Change to Win Coalition
  8. 12. process of negotiating between union and management representatives over pay, benefits, and job-related matters
  9. 15. dollars dollar amounts or prices that are not adjusted for inflation
  10. 16. state law making it illegal to require a worker to join a union
  11. 21. explanation of wage rates based on the bargaining strength of organized labor
  12. 22. protest in the form of refusal to buy, including attempts to convince others to take their business elsewhere
  13. 25. demonstrate or march before a place of business to protest a company’s actions or policies
  14. 26. seemingly invisible barrier hindering advancement of women and minorities in a white male-dominated organization
  15. 29. or constant dollars dollar amounts or prices that have been adjusted for inflation
  16. 30. union-organized work stoppage designed to gain concessions from an employer
  17. 31. lowest legal wage that can be paid to most workers
  18. 33. noninstitutionalized part of the population, aged 16 and over, either working or looking for a job
  19. 34. arrangement under which workers must join a union after being hired
Down
  1. 2. labor union whose members perform different kinds of work in the same industry
  2. 3. length of time a person has been on a job
  3. 6. provision in a contract outlining the way future disputes and grievance issues will be resolved
  4. 11. theory that employers are willing to pay more for people with certificates, diplomas, degrees, and other indicators of superior
  5. 13. arrangement under which nonunion members must pay union dues
  6. 14. arrangement under which workers must join a union before they are hired; usually illegal
  7. 17. prevailing pay scale for work emarket theoryofwagedetermination explanation stating that the supply and demand for a worker’s skills and services determine the wage or salary formed in an occupation in a given area or region
  8. 18. agreement by two parties to place a dispute before a third party for a binding settlement; also called binding arbitration
  9. 19. worst period of economic decline in U.S. history, lasting from approximately 1929 to 1939
  10. 20. management refusal to let employees work until company demands are met
  11. 23. unions organized, supported, or run by an employer
  12. 24. court order issued to prevent a company or union from taking or not taking action during a labor dispute
  13. 27. labor union whose members perform the same kind of work; same as trade union
  14. 28. temporary government takeover of a company to keep it running during a labor-management dispute
  15. 32. year year serving as a point of comparison for other years in a price index or other statistical measure