Chapter 9

Question 1

Labor force

Answer 1

All non military people who are employed or unemployed

Question 2

Learning effect

Answer 2

The theory that education increases productivity and results in higher wages

Question 3

Screening effect

Answer 3

Completion of college indicates to employers that a job applicant is intelligent and hard working

Question 4

Contingent employment

Answer 4

Temporary or part time job

Question 5

Derived demand

Answer 5

Determined by demand for another good or service

Question 6

Productivity

Answer 6

Value of output

Question 7

Equilibrium wage

Answer 7

Wage rate that produces neither an excess supply of workers nor demand for workers in the labor market

Question 8

Unskilled labor

Answer 8

Requires no specialized skills, education, or training

Question 9

Semi-skilled labor

Answer 9

Labor that requires minimal specialized skills and education

Question 10

Skilled labor

Answer 10

Labor that requires specialized skills and training

Question 11

Professional labor

Answer 11

Labor that requires advanced skills and education

Question 12

Glass ceiling

Answer 12

Unofficial, invisible barrier that prevents women and minorities from advancing in businesses dominated by white men

Question 13

Labor union

Answer 13

Improve working conditions, wages, and benefits for members

Question 14

Featherbedding

Answer 14

Negotiating labor contracts that keep unnecessary workers on a company payroll

Question 15

Strike

Answer 15

Organized work stoppage intended to force an employer to address union demands

Question 16

Right-to-work law

Answer 16

Measure that band mandatory union membership

Question 17

Blue-collar worker

Answer 17

Works in an industrial job, often in manufacturing, who receives wages

Question 18

White-collar worker

Answer 18

Someone in a professional or clerical job who usually earns a salary

Question 19

Collective bargaining

Answer 19

Union and company representatives meet to negotiate a new labor contract

Question 20

Mediation

Answer 20

Settlement technique in which a neutral mediator meets with each side to try to find a solution for both

Question 21

Arbitration

Answer 21

Settlement technique in which a third party reviews the case and imposes a decision that’s legally binding