Ch 9.1 1-5
1.a) all nonmilitary people who are employed or unemployed
b) people who are employed
c)people who are unemployed
2. New technology, factory job increases, corporate surges, and the creation of personal computers were the major steps in the United State's progression from an agricultural economy to a service economy.
3. the screening affect is the theory that completion of colleges indicates to employers that a job applicant is intelligent and hard working, while the learning effect is the theory that education increases productivity and results in higher wages.
4. I am part of the labor force. The govt. would consider me employed in the past week because I work for a school district and I am sure that they are slightly irritated that i don't have to pay taxes on my inadequate pay check.
5. a) part time because during some seasons i would close my shop
b) permanent workers because I would constantly need a full work force
c) permanent because i would want to ensure i have someone to work at all times
d) part time because taxes are only paid once a year
Ch. 9.2 Vocab
-derived demand - demand that is determined by demand for another good or service
-productivity - value of output
-equilibrium wage - the wage rate that produces neither an excess supply of workers nor an excess demand for workers in the labor market
-unskilled labor - labor that requires no specialized skills or education
-semi-skilled labor - labor that requires minimal specialized skills and education
-skilled labor - labor that requres specialized skills and training
-professional labor - labor that requires advanced skills and education
-glass ceiling - an unofficial, invisible barrier that prevents women and minorities from advancing in business dominated by white men
-labor union - an organization of workers that tries to improve working conditions, wages, and benefits for its members
-featherbedding - the practice of negotiating labor contracts that keep unnecessary workers on a company's payroll
Ch. 9 Quiz
1. derived demand is
a) demand that is determined by demand for another good or service
b) value of output
c) the wage rate that produces neither an excess supply of workers nor an excess demand for workers in the labor market
d) labor that requires no specialized skills or education
2. productivity is a) demand that is determined by demand for another good or service b) value of output c) the wage rate that produces neither an excess supply of workers nor an excess demand for workers in the labor market d) labor that requires no specialized skills or education
3. equilibrium wage is a) demand that is determined by demand for another good or service b) value of output c) the wage rate that produces neither an excess supply of workers nor an excess demand for workers in the labor market d) labor that requires no specialized skills or education
4. unskilled labor is a) demand that is determined by demand for another good or service b) value of output c) the wage rate that produces neither an excess supply of workers nor an excess demand for workers in the labor market d) labor that requires no specialized skills or education
5. semi-skilled labor is a) labor that requires minimal specialized skills and education b) labor that requires specialized skills and training c) labor that requires advanced skills and education d) an unofficial, invisible barrier that prevents women and minorities from advancing in business dominated by white men
6. skilled labor is a) labor that requires minimal specialized skills and education b) labor that requires specialized skills and training c) labor that requires advanced skills and education d) an unofficial, invisible barrier that prevents women and minorities from advancing in business dominated by white men
7. professional labor is a) labor that requires minimal specialized skills and education b) labor that requires specialized skills and training c) labor that requires advanced skills and education d) an unofficial, invisible barrier that prevents women and minorities from advancing in business dominated by white men
8. a glass ceiling is a) labor that requires minimal specialized skills and education b) labor that requires specialized skills and training c) labor that requires advanced skills and education d) an unofficial, invisible barrier that prevents women and minorities from advancing in business dominated by white men
9. a labor union is a) an organization of workers that tries to improve working conditions, wages, and benefits for its members b) the practice of negotiating labor contracts that keep unnecessary workers on a company's payroll c) labor that requires advanced skills and education
d) an unofficial, invisible barrier that prevents women and minorities from advancing in business dominated by white men
10. featherbedding is a) an organization of workers that tries to improve working conditions, wages, and benefits for its members b) the practice of negotiating labor contracts that keep unnecessary workers on a company's payroll c) labor that requires advanced skills and education d) an unofficial, invisible barrier that prevents women and minorities from advancing in business dominated by white men
9. the govt. includes all nonmilitary people who are employed or unemployed.
10. a labor union is an organization of workers that tries to improve working conditions, wages, and benefits for its members
11. collective bargaining is a meeting of labor .union and and company representative to negotiate a new labor contract.
12. the equilibrium wage is high for some workers and low for others based on ability required for the work.
13. the us is producing fewer goods and more services because of the advances in technology.
14. wage increases make demand for work go up.
15. the more "not white male" a person is, the less money they make in the job industry.
16. the more education a person receives, the more they make over the course of their lives (in general).
17. technological advances can replace workers. like think about a computer that can take a voice recording of a meeting. that replaces a secretary's role in a meeting.
Ch 9.1 1-5
1.a) all nonmilitary people who are employed or unemployed
b) people who are employed
c)people who are unemployed
2. New technology, factory job increases, corporate surges, and the creation of personal computers were the major steps in the United State's progression from an agricultural economy to a service economy.
3. the screening affect is the theory that completion of colleges indicates to employers that a job applicant is intelligent and hard working, while the learning effect is the theory that education increases productivity and results in higher wages.
4. I am part of the labor force. The govt. would consider me employed in the past week because I work for a school district and I am sure that they are slightly irritated that i don't have to pay taxes on my inadequate pay check.
5. a) part time because during some seasons i would close my shop
b) permanent workers because I would constantly need a full work force
c) permanent because i would want to ensure i have someone to work at all times
d) part time because taxes are only paid once a year
Ch. 9.2 Vocab
-derived demand - demand that is determined by demand for another good or service
-productivity - value of output
-equilibrium wage - the wage rate that produces neither an excess supply of workers nor an excess demand for workers in the labor market
-unskilled labor - labor that requires no specialized skills or education
-semi-skilled labor - labor that requires minimal specialized skills and education
-skilled labor - labor that requres specialized skills and training
-professional labor - labor that requires advanced skills and education
-glass ceiling - an unofficial, invisible barrier that prevents women and minorities from advancing in business dominated by white men
-labor union - an organization of workers that tries to improve working conditions, wages, and benefits for its members
-featherbedding - the practice of negotiating labor contracts that keep unnecessary workers on a company's payroll
Ch. 9 Quiz
1. derived demand is
a) demand that is determined by demand for another good or service
b) value of output
c) the wage rate that produces neither an excess supply of workers nor an excess demand for workers in the labor market
d) labor that requires no specialized skills or education
2. productivity is
a) demand that is determined by demand for another good or service
b) value of output
c) the wage rate that produces neither an excess supply of workers nor an excess demand for workers in the labor market
d) labor that requires no specialized skills or education
3. equilibrium wage is
a) demand that is determined by demand for another good or service
b) value of output
c) the wage rate that produces neither an excess supply of workers nor an excess demand for workers in the labor market
d) labor that requires no specialized skills or education
4. unskilled labor is
a) demand that is determined by demand for another good or service
b) value of output
c) the wage rate that produces neither an excess supply of workers nor an excess demand for workers in the labor market
d) labor that requires no specialized skills or education
5. semi-skilled labor is
a) labor that requires minimal specialized skills and education
b) labor that requires specialized skills and training
c) labor that requires advanced skills and education
d) an unofficial, invisible barrier that prevents women and minorities from advancing in business dominated by white men
6. skilled labor is
a) labor that requires minimal specialized skills and education
b) labor that requires specialized skills and training
c) labor that requires advanced skills and education
d) an unofficial, invisible barrier that prevents women and minorities from advancing in business dominated by white men
7. professional labor is
a) labor that requires minimal specialized skills and education
b) labor that requires specialized skills and training
c) labor that requires advanced skills and education
d) an unofficial, invisible barrier that prevents women and minorities from advancing in business dominated by white men
8. a glass ceiling is
a) labor that requires minimal specialized skills and education
b) labor that requires specialized skills and training
c) labor that requires advanced skills and education
d) an unofficial, invisible barrier that prevents women and minorities from advancing in business dominated by white men
9. a labor union is
a) an organization of workers that tries to improve working conditions, wages, and benefits for its members
b) the practice of negotiating labor contracts that keep unnecessary workers on a company's payroll
c) labor that requires advanced skills and education
d) an unofficial, invisible barrier that prevents women and minorities from advancing in business dominated by white men
10. featherbedding is
a) an organization of workers that tries to improve working conditions, wages, and benefits for its members
b) the practice of negotiating labor contracts that keep unnecessary workers on a company's payroll
c) labor that requires advanced skills and education
d) an unofficial, invisible barrier that prevents women and minorities from advancing in business dominated by white men
Pg 236 1-7, 9-17
1. arbitration
2. learning effect
3. strike
4. labor force
5. glass ceiling
6. equilibrium wage
7. contingent employment
9. the govt. includes all nonmilitary people who are employed or unemployed.
10. a labor union is an organization of workers that tries to improve working conditions, wages, and benefits for its members
11. collective bargaining is a meeting of labor .union and and company representative to negotiate a new labor contract.
12. the equilibrium wage is high for some workers and low for others based on ability required for the work.
13. the us is producing fewer goods and more services because of the advances in technology.
14. wage increases make demand for work go up.
15. the more "not white male" a person is, the less money they make in the job industry.
16. the more education a person receives, the more they make over the course of their lives (in general).
17. technological advances can replace workers. like think about a computer that can take a voice recording of a meeting. that replaces a secretary's role in a meeting.