1. In a short paragraph, define labor union. Explain at least one tactic that labor unions use to get their demands met? Do you think this is an effective tactic that is used against producers/management in order to have worker demands met? Explain.

2. In a short paragraph, define the term wage rate. Then, explain what a skill level is in terms of a laborer and how different skill levels can affect the wage rate for a laborer. What would happen if a worker from a semi-skilled class decided to go to college and get a degree?

3. In a short paragraph, explain the market theory of wage determination. Then, describe how supply and demand affects wages? Finally, explain what equilibrium wage is.

4. In a short paragraph, define the word trend. Explain the trend of a changing labor force in the US economy. Then explain how employees may benefit from more education?