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Economy

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Question
Answer
Macroeconomics   show
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Civilian Labor Force   show
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show An association of skilled workers who perform the same kind of work  
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show An association of all workers in the same industry, regardless of the job each worker performs  
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show Refusal to work until certain demands were met  
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Picket   show
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show A mass refusal to buy products from targeted employers or companies  
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show A refusal to let the employees work until management demands were met  
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show A union organized, supported, or run by employers  
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Great Depression   show
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show Unions that do not belong to the AFL CIO, such as the Brotherhood of Locomotive Engineers  
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Closed Shop   show
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Union Shop   show
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Modified Shop   show
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Agency Shop   show
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show A provision for resolving issues that may come up later; may also be included in the final contract  
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show The process of bringing in a neutral third person or persons to help settle a dispute  
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Arbitration   show
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show A agreement between union and management to have a neutral third part collect facts about a dispute and present nonbinding recommendations  
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show A court order not to act  
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Seizure   show
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show People who work at jobs such as digging ditches, picking fruit, and mopping floors  
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Semiskilled Labor   show
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Professional Labor   show
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show Broad categories of labor that do not directly compete with one another because of experience, training, education, and other human capital investments  
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show A standard amount of pay given for work performed  
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show The theory states that the supply and demand for a worker’s skills and services determine the wage or salary  
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Equilibrium Wage Rate   show
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Theory of Negotiated Wages   show
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show The length of time a person as been on the job  
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show States that employers are willing to pay more for people with certificates, diplomas, degrees, and other indicators of superior ability  
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show The ability and willingness of workers to relocate in markets where wages are higher  
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Giveback   show
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Two tier Wage System   show
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show A invisible barrier that obstructs their advancement up the corporate counter  
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show The principal stating that people should receive equal pay for work that is different from, but just as demanding as, other types of work  
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show A guaranteed contract reserved exclusively for a targeted group  
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show Workers who regularly work fewer than 35 hours per week  
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show The lowest wage that can be paid by law to most workers  
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show Dollars that are not adjusted for inflation  
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Real or Constant Dollars   show
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show A year that serves as a comparison for all other years  
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