Show:
Terms I
Terms II
Terms III
Terms IV
Terms V
100
Type of union arrangement under which workers must join a union after being hired.
What is a union shop?
100
A health care program available to all senior citizens regardless of income.
What is Medicare?
100
To demonstrate or march before a place of business to protest a company's actions.
What is a picket?
100
The part of the economy made up of federal, state, and local governments.
What is the public sector?
100
The hiring of outside firms to perform non-core operations to lower operating costs.
What is outsourcing?
200
Agreement by two parties to place a dispute before a third party for binding settlement.
What is arbitration?
200
The tools, equipment, and factories used in the production of goods and services.
What are capital goods?
200
This links producers and consumers.
What are prices?
200
Funds that one level of government receives from another level of government.
What is intergovernmental revenues?
200
A basic requirement for survival.
What is a need?
300
A labor union whose members perform different kinds of work in the same industry.
What is an industrial union?
300
When the quality supplied of a good is greater than the quantity demanded of a good at a given price.
What is a surplus?
300
A person who borrow money.
Who is a debtor?
300
A tax where the percentage of income paid in tax rises as level of income increases.
What is a progressive tax?
300
The individual ownership of a business.
What is a sole proprietorship?
400
A way of expressing or communication a need.
What is a want?
400
Union organized work stoppage designed to gain concessions from an employer.
What is a strike?
400
Spending in excess of revenues collected.
What is deficit spending?
400
A tax on tangible and intangible possessions such as real estate, buildings, furniture, stocks, bonds, and bank accounts.
What is a property tax?
400
An association of skilled workers who perform the same kind of work.
What is a craft union?
500
All the abilities and efforts of people.
What is labor?
500
A good lasting more than three years when used regularly.
What is a durable good?
500
These two programs make up FICA.
What are Social Securtiy and Medicare?
500
Programs or benefits using established eligibility requirements to provide health, nutritional, or income supplements to individuals.
What are entitlements?
500
A refusal to let employees work until management demands are met.
What is lockout?