Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Match the following definitions with the correct terms or phrases: Question 1 options: A change in the composition of demand among industries or regions. The
Match the following definitions with the correct terms or phrases: Question 1 options: A change in the composition of demand among industries or regions. The percentage of the total number of people in the labor force who are unemployed. A government program under which unemployed workers can collect benefits for a certain period of time after losing their jobs. Workers who are already employed and therefore have an influence on wage bargaining. The act of looking for employment. Laws that prohibit union security agreements between employers and labor unions which require employees who are not union members to contribute to the costs of union representation. A refusal to work organized by labor unions as a form of protest, typically in an attempt to gain a concession or concessions from their employer. Nonworking people who care capable of working but have given up looking for a job because they believe no jobs are available. Unemployment resulting from the business cycle; equivalently, the difference between the actual rate of unemployment and the natural rate of unemployment. The unemployment that results when there are more people seeking jobs in a labor market than there are jobs available at the current wage rate. Wages that employers set above the equilibrium wage rate as an incentive for better performance. The unemployment that results because it takes time for workers to search for the jobs that best suit their skills and tastes. The number of people who are either actively employed for pay or unemployed and actively looking for work. The percentage of the adult population that is in the labor force. A process of negotiation between employers and labor unions to establish rules and regulations for deciding wages, salaries, or benefits as well other the conditions of employment. Workers who are not employed and therefore have no influence on wage bargaining. The normal unemployed rate arising from frictional and structural unemployment. A worker association that bargains with employers over wages, benefits, and working conditions. 1. collective bargaining 2. cyclical unemployment 3. discouraged workers 4. efficiency wages 5. frictional unemployment 6. insiders 7. job search 8. labor force 9. labor-force participation rate 10. natural rate of unemployment 11. outsiders 12. right-to-work laws 13. sectoral shifts 14. strike 15. structural unemployment 16. unemployment insurance 17. unemployment rate 18. union
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started