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