Ch. 9

Question 1

village built and run by a company where workers are required to live

Answer 1

company town

Question 2

money that can be redeemed only at a company store

Answer 2

scrip

Question 3

sequence of economic activity usually consisting of recession, recovery, growth, and decline

Answer 3

business cycle

Question 4

record kept by companies of employees who are disapproved of or are to be punished or boycotted

Answer 4

blacklist

Question 5

closed factory or place of employment caused by a strike

Answer 5

lockout

Question 6

nonunion replacement workers during a strike or union members who refuse to strike and continue work

Answer 6

scab

Question 7

negotiation between organized workers and management to reach an agreement on wages, hours, and working conditions

Answer 7

collective bargaining

Question 8

hearing and resolution of of a disagreement between two parties through an impartial third

Answer 8

arbitration

Question 9

union that represents every worker in a single industry regardless of his or her job

Answer 9

industrial union

Question 10

court order requiring an individual or company to do something or to prohibit a given action

Answer 10

injunction

Question 11

organized massacres of unarmed people, especially Jews

Answer 11

pogrom

Question 12

a belief in no direct government authority over society

Answer 12

anarchism

Question 13

buying and selling of goods in a business for a profit

Answer 13

merchandising

Question 14

income adjusted to compensate for reduced earning power due to inflation

Answer 14

real wages