Economics Chapter 9 Vocabulary

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Across
  1. 2. ____ labor force; nonindustrialized part of population (16 or above) either looking or working for a job.
  2. 4. prevailing pay for work in an occupation in a given area/region.
  3. 5. court order issued to prevent a company/union from taking or not taking action during a labor dispute.
  4. 6. ______ of wage determination: explanation stating supply and demand for workers’ skill/service determine wage.
  5. 8. Theory of ______ wages; explanation of wage rates based on bargaining strengths of organized labor.
  6. 10. _____ union shop; workers have the choice to join union after hiring.
  7. 14. ____ dollars; cash amounts/prices notadjusted for inflation.
  8. 16. worst period of economic decline in US history (1929-1939)
  9. 17. process of resolving dispute by bringing in a neutral third perty to help them reach a compromise.
  10. 21. _____ shop; nonunion members must pay union dues.
  11. 22. union-organized work stoppage designed to gain concessions from employer.
  12. 24. agreement between union and management to have a neutral third party collect facts about a dispute and present nonbinding recommendations.
  13. 29. agreement by two parties to place a dispute before a third party for a binding settlement.
  14. 30. management refusal to let employees work until company demands are met.
  15. 32. ____ shop; arrangement where workers must join union before hiring (usually illegal).
  16. 34. prevented/forbade.
  17. 37. laws enacted by the government.
  18. 38. ____ wage system; wage scalie paying newer workers a lower wage than others already on the job.
  19. 39. _____ bargaining; process of negotiating between union and management representatives over pay, benefits, and job-related matters.
  20. 40. ____ procedure; provision in contract outlining how disputes and grievance issues will be resolved.
Down
  1. 1. ______ theory; employers willing to pay more for people with certificates, diplomas, degrees, and other superior ability indicators.
  2. 3. ____ year; serves as a point of comparison for other years in a price index or other statical measure.
  3. 6. ____ wage; lowest legal wage that can be paid to most workers.
  4. 7. real or ___ dollars; dollar amounts prices adjusted for inflation.
  5. 9. equal in value.
  6. 11. not truthfully represented.
  7. 12. protest in refusal to buy; includes attempts to convince others to take their business elsewhere.
  8. 13. to expect.
  9. 15. _____ unions; labor unions nt affiliated with AFL-CIO or Change to Win Coalition.
  10. 18. ___ union; labor union whose members perform the same kind of work; aka trade union.
  11. 19. demonstration/march before a place of business to protest a companies actions/policies.
  12. 20. ____ wage rate; leaving neither surplus nor shortage of workers in market.
  13. 23. _____ law; state law making it illegal to require a worker to join a union.
  14. 25. ____ union; labor union whose members perform different kinds of work in the same industry.
  15. 26. seemingly invisible barrier hindering advancement of women and minorities in a white male-dominated organization.
  16. 27. pattern/general tendency.
  17. 28. ____ shop; arrangement where workers must join union after hiring.
  18. 31. ____ unions; unions organized/supported/run by an employer.
  19. 33. _____ contract; guaranteed portion of one reserved for target group (usually minority).
  20. 35. temporary government takeover of a company to keep it running during a labor-management dispute.
  21. 36. length of time a person has been on a job.