Collective Bargaining is when:

union and company management meet to negotiate a new labor contract

What is Contingent Employment?

temporary/part-time jobs that are given to workers instead of fulltime jobs

org. of workers that tries to improve working conditions & wages

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Econ Topic 5 Review

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Questions 17

Answers

1
Which skill level requires advanced skills and education?
professional
semi skilled
skilled
unskilled
2
What is the largest country in the world?
Brazil
China
Russia
Canada
3
Equilibrium Wage is price of labor services that is set when supply of workers meets demand for workers.
True
False
4
True or False: Mrs. Iniguez's favorite type of music is hip hop.
True
False
5
Collective Bargaining is when:
temporary and part-time jobs that are given to workers
a company contracts with another company to do a specific job
union and company management meet to negotiate a new labor contract
movement of a company’s operations/resources to another country
6
What is Contingent Employment?
education increases efficiency of production and results in higher wages
all nonmilitary people who are employed or unemployed
college degree shows employers a job applicant is intelligent/hardworking
temporary/part-time jobs that are given to workers instead of fulltime jobs
7
A Labor Union is:
price of labor services that is set when supply of workers meets demand
the quantity of output produced by a unit of labor
org. of workers that tries to improve working conditions & wages
type of demand that is set by the demand for another good or service
8
The labor force includes all the following EXCEPT?
16 year old's that assist at their family business for 15+ hours
anyone 16+ who is currently looking for work
military personnel
anyone who has a job but is out sick
9
The belief that Education increases productivity and results in higher wages is known as?
college effect
learning effect
schooling effect
screening effect
10
Extra credit: What was Mrs. Iniguez's maiden name?
Gonzalez
Martinez
Gutierrez
Martin
11
Theory that suggest completion of college tells employers that an applicant is hard working is known as?
schooling effect
learning effect
screening effect
college effect
12
Which of these would be considered a Semi-Skilled Labor?
Retail Salesperson
Nurse
Lifeguard
Uber Driver
13
In which skill level would you find a plumber?
professional
semi skilled
unskilled
skilled
14
Right to Work Laws ensure that all members of the workplace are members of a Labor Union.
False
True
15
The quantity of output produced by a unit of labor is known as?
Labor of Productivity
Safety Laws
Derived Demand
Productivity of Labor
16
Which of these is NOT a current labor market trend?
more women in the workforce
more manufacturing
less manufacturing
demand for skilled labor
17
Which of the following is NOT a Marvel villain?
Mysterio
Hobgoblin
The Penguin
Venom

Econ Topic 5 Review Flashcards | StudBud