Chapter 13: Micro Flashcards
1
Q
Backward bending labor supply curve
A
338
2
Q
Bilateral monopoly
A
353
3
Q
Compensating wage differentials
A
346
4
Q
Craft unions
A
351
5
Q
Deferred payment contracts
A
350
6
Q
Derived demand
A
330
7
Q
Fringe benefits
A
327
8
Q
Human capital
A
341
9
Q
Industrial unions
A
351
10
Q
Labor demand
A
330
11
Q
Labor market
A
329
12
Q
Labor market equilibrium
A
342
13
Q
Labor productivity
A
342
14
Q
Labor supply
A
330
15
Q
Labor unions
A
351
16
Q
Marginal product of labor
A
331
17
Q
Marginal revenue product of labor
A
332
18
Q
Monopsony
A
353
19
Q
On-the-job training
A
341
20
Q
Piece-rate system
A
349
21
Q
Real wage
A
327
22
Q
Wage
A
327
