Economics Chapter 9

1234567891011121314151617
Across
  1. 2. concessions made by union members to management; gains from labor negotiations are given back to management to help employers remain competitive and thereby save jobs.
  2. 3. the process for resolving union-management conflicts over interpretation or violation of a collective bargaining agreement.
  3. 10. explanation of wage rates based on the bargaining strength of organized labor.
  4. 11. prevailing pay scale for work performed in an occupation in a given area or region.
  5. 13. A method of settling disputes outside of court by using the services of a neutral third party, called a mediator. The mediator acts as a communicating agent between the parties and suggests ways in which the parties can resolve their dispute..
  6. 14. states that employers are willing to pay more for people with certificates, diplomas, degrees, and other indicators or "signals" of superior ability.
  7. 15. an agreement between union and management to have a neutral third party collect facts about a dispute and present nonbinding recommendations.
  8. 16. explanation stating that the supply and demand for a worker's skills and services determine the wage or salary.
  9. 17. a guaranteed contract reserved exclusively for a targeted group.
Down
  1. 1. wage rate leaving neither a surplus nor a shortage of workers in the market.
  2. 4. Process by which a union representing a group of workers negotiates with management for a contract.
  3. 5. an authoritative command or order issued by the government.
  4. 6. settling a dispute by agreeing to accept the decision of an impartial outsider.
  5. 7. temporary government takeover of a company to keep it running during a labor-management dispute.
  6. 8. wage scale paying newer workers a lower wage than others already on the job.
  7. 9. A metaphor alluding to the invisible barriers that prevent minorities and women from being promoted to top corporate positions.
  8. 12. years of service, which is used as a consideration for assigning committee members.