Economics Chapter 9 Vocab

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Across
  1. 7. State law making it illegal to require a worker to join a union
  2. 10. prevailing pay scale for work performed in an occupation in a given area or region
  3. 11. Worst period of economic decline in U.S. history lasting from approximately 1929 to 1939
  4. 12. Demonstrate or march before a place of bussiness to protest a company's actions or policies
  5. 16. process of resolving a dispute by bringing in a neutral third party to help both sides reach a compromise
  6. 17. temporary government takeover of a company to keep it running during a labor-management dispute
  7. 20. Arrangement under which worker must join a union after being hired
  8. 21. Labor union whose members perform the same kind of work; same as trade union
  9. 22. agreement by two parties to place a dispute before a third party for a binding settlement; also called binding arbitration
  10. 26. length of time a person has been on a job
  11. 28. dollar amounts or prices that are not adjusted for inflation
  12. 29. noninstitutionalized part of the population, aged 16 and over, either working or looking for a job
  13. 30. lowest legal wage that can be paid to most workers
  14. 33. explanation of wage rates based on the bargaining strength of organized labor
  15. 34. dollar amounts or prices that have been adjusted for inflation
  16. 35. Organized work stoppage designed to gain concessions from an employer
  17. 36. Arrangement under which workers have the option to join a union after being hired
Down
  1. 1. provision in a contract outlining the way future disputes and grievance issues will be resolved
  2. 2. wage scale paying newer workers a lower wage than others already on the job
  3. 3. seemingly invisible barrier hindering advancement of women and minorities in a white male-dominated organization
  4. 4. year serving as a point of comparison for other years in a price index or other statistical measure
  5. 5. guaranteed contract or portion of a contract reserved for a targeted group, usually a minority
  6. 6. explanation stating that the supply and demand for a worker’s skills and services determine the wage or salary
  7. 8. Management refusal to let employees work until company demands are met
  8. 9. theory that employers are willing to pay more for people with certificates, diplomas, degrees, and other indicators of superior ability
  9. 13. in the form of refusal to buy, including attemps to convince others to take their business elsewhere
  10. 14. wage, fringe benefit, or work rule given up when renegotiating a contract
  11. 15. Labor union not affiliated with the AFL-C10 or the change to win coalition
  12. 18. wage rate leaving neither a surplus nor a shortage of workers in the market
  13. 19. unions are organized, supported, or run by an employer
  14. 23. court order issued to prevent a company or union from taking or not taking action during a labor dispute
  15. 24. Labor union whose members perform different kinds of work in the same industry
  16. 25. process of negotiating between union and management representatives over pay, benefits, and job-related matters
  17. 27. Arrangement under which nonunion members must pay union dues
  18. 31. Agreement between union and management to have a neutral third party collect facts about a dispute and present nonbinding recommendations
  19. 32. Arrangement under which workers must join a union before they are hired; usually illegal