Micro Unit 5 Project

5. - Work performed by people that is used to produce goods and services.
7. - The quantity of workers willing and able to work at different wage rates.
8. - The additional revenue generated by employing one more unit of a resource.
10. - Unequal treatment of workers based on characteristics unrelated to job performance.
13. - Human-made resources used to produce other goods and services.
15. - Income earned from the use of land or property.
16. - An organization of workers that seeks to improve wages and working conditions.
17. - The state of having a job or being hired to work.
19. - The negotiation process between workers and employers.
23. - The additional output produced by adding one more unit of a resource.
25. - The income a business earns after costs are subtracted from revenue.

1. - A market where productive resources are bought and sold.
2. - The lowest legal wage that employers can pay workers.
3. - The skills, education, and training that increase a worker’s productivity.
4. - Market where firms purchase resources such as labor, land, and capital.
6. - A market with only one buyer of labor.
9. - The point where labor supply equals labor demand.
11. - Payment earned by workers for their labor.
12. - Demand for a resource that depends on the demand for the product it helps produce.
14. - The ability to combine resources and take risks to start a business.
18. - The quantity of workers employers are willing and able to hire at different wage rates.
20. - A resource used in the production of goods and services.
21. - Spending on capital goods to increase future production.
22. - The amount of output produced per unit of input.
24. - Natural resources used in the production process.