Topic Five Vocab

3. the combination of two businesses selling the same product on different scales
7. Learning makes better workers which results in higher wages
9. a labor contract keeping unnecessary workers on the companies payroll
11. the quantity of output produced by a unit of labor
14. The legal obligation to pay debts
15. a measure that bans mandatory union membership
16. all nonmilitary people who are employed or unemployed
17. The wage rate set by the supply of workers that fits the demand of workers
18. going to college makes employers want you more

1. part-time jobs given to people instead of full-time jobs
2. The combination of two businesses selling the same product
4. A type of partnership in which all partners share equally in both responsibility and liability
5. A contract that promises to repay borrowed money
6. a semi-independent business that pays a mother company to sell products in a certain area
8. The type of demand set by the demand of another good or service
10. People who live and work in the US temporarily
12. moving a business from one country to another
13. the practice of contracting another company to do something that could be done by it's own workers