Econ Byv 7 A,b,c,d

Front 1

An ___ is a court order to stop an activity

Back 1

injunction

Front 2

If additional workers result in smaller amounts of added production there is ____

Back 2

diminising marginal activity

Front 3

When a contract required workers to join a union before they could be employed____

Back 3

closed shop

Front 4

The___ guarantees workers the right to organize a union

Back 4

NLRA/ Wagner act

Front 5

A__ is a labor organiziation made up of workers who all have the same skill

Back 5

craft union

Front 6

An ___ is a labor organizaion made up of wokers who all work inthe same industry

Back 6

industrial union

Front 7

The wage rate that results in the # of individuals who are willing to workk being just equal to the number of jobs offered by firms is called the ____

Back 7

equilibrium wage rate

Front 8

The ___ said that the Sherman Act was not to be used against labor organizations

Back 8

Clayton Act

Front 9

A ___ prevents workers from being required to join a union

Back 9

right-to-work law

Front 10

demand for labor is a ___ because it depends on the demand for labor’s final product.

Back 10

derived demand

Front 11

The ___ gave the President of the U.S. the power to request a court order to force striking workers to return to work.

Back 11

Taft-Hartley ACt

Front 12

term for the additional products produced when another worker is hired is the ___.

Back 12

marginal physical product

Front 13

percentage of people 16 years of age or older who are working or looking for work is called the ___.

Back 13

labor force participation rate

Front 14

number of dollars a worker earns is called ___.

Back 14

money wages

Front 15

quantity of products workers are able to buy with the dollars they earn is called ___.

Back 15

real wages

Front 16

___explains why adding more workers and raw materials won’t always increase production.

Back 16

diminishing returns

Front 17

___are organizations that attempt to improve working conditions of their members through collective bargaining.

Back 17

labor unions

Front 18

If a firm closes to try to force a union to agree to its terms, there is a ___.

Back 18

lock out

Front 19

___ is when a union decides to withhold labor from a firm in an attempt to achieve a labor objective

Back 19

strike

Front 20

When a law requires and unbiased person to determine a solution to a labor dispute, the law provides for ___.

Back 20

compulsory arbitration

Front 21

___ provided for the first minimum wage.

Back 21

Fair labor Standards Act

Front 22

If union members occupy a plant to prevent other workers from taking their jobs, there is a ___.

Back 22

sit-down strike

Front 23

Moving a plant to another place where workers may agree to lower wages and benefits is called ___.

Back 23

relocation

Front 24

___ is when an unbiased person listens to each side in a labor dispute and suggests an answer.

Back 24

mediation

Front 25

If labor and management agree to allow an unbiased person to settle a labor dispute, they have agreed to ___.

Back 25

voluntary arbitration

Front 26

If workers are required to pay a fee to a union they don’t join, there is an ___.

Back 26

agency shop

Front 27

When a union forms a group that puts political pressure on government officials, it is called a ___.

Back 27

political action committte

Front 28

People who earn the minimum wage are generally ___.

Back 28

marginal workers

Front 29

___ happens when union members go out on strike without approval of their union leaders.

Back 29

wildcat strike

Front 30

___ is when employees do less work in a period of time to put economic pressure on management.

Back 30

slowdown

Front 31

If union members march around a plant to discourage other workers from entering, they are in a ___.

Back 31

picket line

Front 32

Labor organizations use a ___to encourage the public to buy products made by union members.

Back 32

union label

Front 33

worker who is hired to take the job of a striking worker is called a ___.

Back 33

strike breaker

Front 34

lowest wage rate a person can be paid under the law is the ___.

Back 34

minimum wage

Front 35

When workers are required to join a union within a specific period of time after they are hired, there is a ___.

Back 35

union shop

Front 36

process through which unions and management negotiate labor agreements is called ___.

Back 36

collective bargining

Front 37

___ is when a union encourages people not to buy a firm’s products in an attempt to put economic pressure on the firm

Back 37

boycott