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LABOR & WAGES Flashcards | StudBud
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LABOR & WAGES
LABOR & WAGES
10 terms
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StudBud Administration
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153 plays
#economics
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
High level of knowledge and skills
Skilled
Professional
Semiskilled
Unskilled
2
The intersection of supply and demand
equilibrium wage rate
organized labors
seniority
equilibrium point
3
It states that employers are willing to pay more for people with superior abilities
Experience
Professional labor
equilibrium wage rate
Signaling theory
4
It states that the supply and demand for a worker`s skill determine the wage of salary
Traditional theory of wage determination
equilibrium wage rate
intersection of supply
Wage rate
5
Standard amount of pay given for work performed
Money
Wage rate
Categories of wage
Wage determination
6
The length of time on a job
Working day
Seniority
Antiquity
time management
7
Which category of labor do not compete with one or other?
Work
Services
Wage
Experience
8
It states that organized labors bargaining strength is a factor that helps to determine wages
Theory of negotiated wages
Professional skills
Competing labor grades
Noncompeting labor grades
9
Another category of work which does not compete with one or other
money
equipment
training
hands
10
In which category of labor the workers are able to operate machines?
Semiskilled
Unskilled
Skilled
Professional
