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Section 1

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Labor Union

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Last updated

6 years ago

Date created

Mar 1, 2020

Cards (35)

Section 1

(35 cards)

Labor Union

Front

an organization that seeks to increase wages and improve the working conditions of its members.

Back

Perfect Competition

Front

Many buyers and sellers, all firms sell identical goods

Back

Minimum wage was started because of _____________________.

Front

The Great Depression

Back

In our global economy today, one way to keep jobs from going to other places is to be able to be more __________ than other countries.

Front

Productive

Back

Scabs

Front

Strike breakers

Back

Monopoly

Front

There is a single seller

Back

SC ranks in the _______________ in average hourly wages.

Front

bottom 10 states

Back

Sexual harrassment

Front

telling jokes or sending emails that deal with a sexual nature

Back

These states have the highest minimum wage at $12.00 an hour.

Front

Washington, California, and Massachusetts

Back

Any hours over 40 =

Front

overtime (payed 1.5)

Back

You cannot be fired or not hired based on...

Front

sex, religion, age, race, or sexual orientation

Back

Downsizing

Front

Is the restructuring a firm and decreasing its size so that it is less costly, more productive, and more efficient.

Back

The main challenge we face in America is _________________.

Front

low wage nations

Back

Copyrights

Front

protect authors for the life of the author plus 70 years

Back

Monopoly Examples:

Front

LCWSD, LCNGA, CCNGA, Patents, Copyrights

Back

_______________ determines what the minimum wage workers can be paid/hour.

Front

Congress

Back

Employment rate

Front

the percentage of non-institutionalized adult population that have a job

Back

Global Competition

Front

Competition from all over the world.

Back

As technology increases, the need for _______________ workers decreases.

Front

blue collar

Back

A business explains the difference between products to the public through ______________.

Front

advertising

Back

Perfect Competition Examples:

Front

Gas, Stock, Agriculture

Back

Monopolistic Competition

Front

There are many buyers and sellers, sellers make and sell slightly different products

Back

Government Monopoly

Front

a monopoly that is legally protected by the government

Back

Patents

Front

protect inventors/inventions for 17 years

Back

Unemployment Rate

Front

the percentage of civilian labor force that does not have a job

Back

Natural Monopoly

Front

a condition where one firm has such a low average total cost that no one can compete with their price

Back

Oligopoly Examples:

Front

Automobile companies, Tires, Cereal, Soap, and Detergent

Back

Minimum wage =

Front

$7.25

Back

Employees are entitled to ______________________ if injured on the job.

Front

Workers Compensation

Back

Lockout

Front

Employers do not let the workers come to work.

Back

Holiday pay maybe =

Front

double time

Back

_______________ are not very common in the south.

Front

Unions

Back

Strike

Front

Employee work stoppage by its members to put pressure on the employer to meet their demands.

Back

Oligopoly

Front

There are few sellers

Back

Wage Rate

Front

the price of labor

Back