Across
- 3. MRP=marginal _____ product
- 7. the increase in a firm's total revenue resulting from hiring an additional unit of labor or other variable resource
- 9. government insurance program that pays income for a short time to workers not working is called _______ compensation
- 10. much of the debate about the distribution of income is based on equality vs. ________
- 12. comparable worth as a government program uses ______ in a non market wage-setting process to evaluate and compensate jobs
- 13. principle that employees who work for the same employer must be paid same wage when jobs require similar levels of education, training, experience, and training
- 14. union membership restricts the _____ of labor
- 15. transfers attempting to combat poverty in the form of goods or services rather than money
- 16. featherbedding increases the _____ for labor, which increases the quantity of labor hired and the wage rate
Down
- 1. the demand for labor is _____ from the demand for the product it helps to produce
- 2. the level of income below which a person or family is considered to be poor
- 4. the process of negotiating labor contracts between the union and management concerning wages and working conditions
- 5. the accumulation of education, training, experience, and the level of good health that enables a worker to be productive
- 6. comparable worth replaces labor market determined wages with _____ judgments about the valuation of different jobs
- 8. the requiring by unions that firms hire more workers than the firm otherwise would
- 11. since WWII, union power has ______