Economics Principles & Practices, Florida

Chapter 8: Employment, Labor, and Wages

Self-Check Quizzes


1.	The study of labor is part of _______________, the branch of economics that deals with the economy as a whole, including employment, GDP, inflation, economic growth, and the distribution of income.
		A)	macroeconomics
		B)	microeconomics
		C)	fiscal policy
		D)	labor economics


2.	A law making it illegal to force workers to join a union as a condition for employment was a provision of ____________.
		A)	the Wagner Act
		B)	the Clayton Act
		C)	the Taft-Hartley Act
		D)	the NLRA


3.	The National Labor Relations Act established ___________.
		A)	right-to-work laws
		B)	the right to have nonunion shops
		C)	the right of unions to collective bargaining
		D)	the minimum wage act


4.	The ____________ is a situation in which the employer agrees to hire only union members.
		A)	union shop
		B)	closed shop
		C)	agency shop
		D)	trade shop


5.	The ____________ is an agreement that does not require a worker to join a union as a condition to get or keep a job, but does require the worker to pay union dues to help pay collective bargaining costs.
		A)	agency shop
		B)	union shop
		C)	trade shop
		D)	collective shop


6.	Under extreme circumstances, the government may resort to __________, a temporary takeover of operations, to allow the government to negotiate with the union.
		A)	arbitration
		B)	injunction
		C)	expropriation
		D)	seizure


7.	The traditional theory of _________ includes the explanation that the supply and demand for a worker's skills and/or services determines the wage or salary.
		A)	wage determination
		B)	negotiated wages
		C)	labor mobility
		D)	labor signaling


8.	The category of __________ labor includes workers with enough mechanical abilities and skills to operate machines that require a minimum amount of training.
		A)	unskilled
		B)	professional
		C)	skilled
		D)	semi-skilled


9.	A __________ is a wage, fringe benefit, or work rule given up when labor contracts are renegotiated.
		A)	wage rate
		B)	giveback
		C)	minimum wage
		D)	set-aside contract


10.	Women and minorities often feel that their difficulties in getting raises and promotions are like encountering a _____________, an invisible barrier that hinders their advancement up the white male-dominated corporate ladder.
		A)	road block
		B)	black ceiling
		C)	ladder rung
		D)	glass ceiling