Final Part 3 Flashcards

1
Q

White collar workers:

A

Working offices, who hold high professional positions (professional, engineers)

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2
Q

Blue Collar Workers:

A

Craft workers

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3
Q

Service workers:

A

provides directly to customers (hair dresser, barber, firefighter)

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4
Q

Unskilled workers:

A

Waiter, garbage disposal, factory worker, janitors

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5
Q

Semi skilled workers:

A

painter,

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6
Q

Skilled workers: (Who is a professional?)

A

Highly educated person with a university degree

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7
Q

What is the difference between unskilled, semi-skilled, and skilled workers?

A

Education

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8
Q

Minimum Wage law:

A

The least amount of money you can be paid

$10.15-in MV

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9
Q

Labor Union:

A

An association of workers grouped together to fight for better working condition

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10
Q

What is the relationship between the CPI and inflation?

A

We know inflation because of the CPI

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11
Q

GDP:

A

Gross domestic product

What the country makes in a year

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12
Q

Inflation:

A

Prolonged raise in prices lowering the value of the dollar

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13
Q

CPI:

A

Consumer price index

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14
Q

What country has the highest GDP in the world?

A

Qatar

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15
Q

GDP per capita:

A

Population of country divided by the GDP

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16
Q

what would the nation have to do if employee went to zero:

A

immigration