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Vocabulary
Scenarios
Miscellaneous
Main Ideas
Final Jeopardy/Extra
100
The wage at which supply and demand intersect.
What is Equilibrium Wage?
100
A decision by a neutral third party to determine whether or not the employees of McDonald's should receive a raise.
What is binding arbitration?
100
AFL
What is the American Federation of Labor?
100
The payments workers receive in return for work.
What are wages?
100
The chapter we are covering.
What is chapter 9?
200
Demand for a product or resource because of its contribution to the final product.
What is derived demand?
200
A company in Lake Station hires a company in Chicago to perform and integral part of their business operation.
What is outsourcing?
200
Garry Becker say you should invest in _______________.
What is yourself/human capital?
200
Communism, organized crime, and the changing workforce affected________________________.
What are labor unions in the 1900's?
200
__________________ comes back Monday.
Who is Mr. McCormick?
300
People who are 16 or older and are willing and able to work.
What is the civilian labor force?
300
Tyler Ramirez is hired by McDonald's on three month contract.
What is contingent employment?
300
A business where workers are required to join the union within a set period of time.
What is a union shop?
300
A state where it is illegal to make workers join a union.
What is a right-to-work state?
300
Prom
What is Saturday?
400
The practice of doing office work in a location other than the traditional office.
What is telecommuting?
400
Samsung builds a factory in Lake Station to repair televisions for people in Lake County.
What is insourcing?
400
A business required only to hire union members.
What is a closed shop?
400
The three sectors jobs are divided into.
What is primary, secondary, and tertiary?
400
The ___________________ is the school mascot.
What is an eagle/ fighting eagle?
500
An organization of workers who collectively seek to improve wages, working conditions, benefits, job security, and other work-related matters.
What is a labor union?
500
Peanut Butter is to Jelly as Supply is to _______________.
What is Demand?
500
Set a minimum wage, required extra pay for overtime work, and made most child labor illegal.
What is The Fair Labor Standards Act?
500
The four factors that influence wages.
What are Human Capital, Working Conditions, Discrimination, and Government Actions?
500
Outlawed the practice of hiring only workers who agreed not to join a union.
What is the Norris-LaGuardia Act?