Economics Chapter 9 Vocab

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