Chapter 14
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| affirmative action | active efforts by government or businesses that give special rights to minorities in hiring, promotion, or access to education to make up for past discrimination
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| bilateral monopoly | a labor market with monopsony on the demand side and a union on the supply side
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| collective bargaining | negotiations between unions and a firm or firms
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| discrimination | actions based on the belief that members of a certain group or groups are in some way inferior solely because of a factor such as race, gender, or religion
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| first rule of labor markets | an emploter will never pay a worker more than the value of the worker's marginal productivity to the firm
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| monopsony | a labor market where there is only one employer
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| perfectly competitive labor market | a labor market where neither suppliers of labor nor demanders of labor have any market power; thus, an employer can hire all the workers they would like a the going market wage
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To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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