Economics Chapter 9 Flashcards

The practice of contracting with another company to do a specific job that would otherwise be done by a company's own workers.

The movement of some of a company's operations to another country.

<p>The theory that education increases efficiency of production and thus result in higher wages.</p> Signup and view all the answers

<p>The theory that the completion of college indicates to employers that a job applicant is intelligent and hard-working.</p> Signup and view all the answers

<p>A temporary and part-time job.</p> Signup and view all the answers

<p>Members of the labor force from another country who are allowed to live and work in the United States only temporarily.</p> Signup and view all the answers

<p>A type of demand that is set by the demand for another good or service.</p> Signup and view all the answers

<p>The quantity of output produced by a unit of labor.</p> Signup and view all the answers

<p>The wage rate, or price of labor services, that is set when the supply of workers meets the demand for workers in the labor market.</p> Signup and view all the answers

<p>Work that requires no specialized skills, education, or training.</p> Signup and view all the answers

<p>Work that requires minimal specialized skill and education.</p> Signup and view all the answers

<p>Work that requires specialized skills and training.</p> Signup and view all the answers

<p>Work that requires advanced skills and education.</p> Signup and view all the answers

<p>An unofficial barrier that sometimes prevents women and minorities from advancing to the top ranks of organizations dominated by white men.</p> Signup and view all the answers

<p>An organization of workers that tries to improve working conditions, wages, and benefits for its members.</p> Signup and view all the answers

<p>The practice of negotiating labor contracts that keep unnecessary workers on a company's payroll.</p> Signup and view all the answers

<p>An organized work stoppage intended to force an employer to address union demands.</p> Signup and view all the answers

<p>A measure that bans mandatory union membership.</p> Signup and view all the answers

<p>Someone who performs manual labor, often in a manufacturing job, and who earns an hourly wage.</p> Signup and view all the answers

<p>Someone who works in a professional or clerical job and who usually earns a weekly salary.</p> Signup and view all the answers

<p>The process in which union and company management meet to negotiate a new labor contract.</p> Signup and view all the answers

<p>A settlement technique in which a neutral person, the mediator, meets with each side to try to find a solution that both sides will accept.</p> Signup and view all the answers

<p>A settlement technique in which a neutral third party listens to both sides and then imposes a decision that is legally binding for both the company and the union.</p> Signup and view all the answers