Show:
Economics
Unit
3
Test
Review
100
When striking workers picket; they parade in front of the employer's business carrying signs about the dispute
What is true
100
it is illegal for a president to interfere in labor disputes
What is false
100
despite the federal reserve system, massive banking failures occured during the Great Depression
What is true
100
all state banks were required to join the Fed when it was established in 1913
What is f
100
high returns on investments are usually associated with low risks
What is false
200
workers who have the skills to operate machines and who require a minimum amount of training are
What is semiskilled labor
200
the theory that wages are based on the supply and demand for a worker's skills is the
What is traditional theory of wages
200
the national labor relations act
What is established the rights of unions and collective bargaining
200
when labor and management ask a third party to collect information about a dispute and present non-binding recommendations, they are using
What is fact finding
200
which of the following statements about minimum wage is not accurate
What is when expressed as a percentage of the average manufacturing wage, the minimum wage reached its peak in 1998
300
workers with knowledge-based education and managerail skills are
What is proffessional labor
300
the invisible barrier that hinders women and minorities from advancement up the corporate ladder
What is the glass ceiling
300
money that has an alternative use as an economic good is
What is commodity money
300
money loses its value when
What is it becomes too plentiful
300
the FDIC was established to
What is protect the savings of American People
400
in order for money to have value, it must have all of the following characteristics except
What is plentiful availibility
400
the federal reserve system was established in
What is 1913
400
as a result of the rinancial institution crisis of the 1980s, S&Ls are now insured by
What is FDIC
400
a nonbank financial intermediary that primarily makes loans to construction companies for building homes
What is real estate investment trust
400
the par value of a bond is
What is the total amount borrowed
500
junk bonds
What is are exceptionally risky
500
investors who sign a contract guaranteeing them the option of selling shares of stock at a specified price in the furture have agreed to a
What is put option
500
the largest borrowers
What is government and businesses
500
most stocks in the US are traded
What is over-the-counter market
500
a stock transaction that is made immediately at the market price is made in the
What is spot market