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Economics Chapter 8, section 3

AB
fringe benefitsnonwage payments such as sick time, vacation, insurance
seniorityholding of privileges based on the number of years a worker has been employed
collective bargainingunion leaders speak for all the members they represent
mediationnegotiators call in a neutral third party to listen to both sides
arbitrationcalls for the assistance of a negotiator to arrive at a contract
strikeunion members stop working until contract demands are met
primary boycottorganized effort to stop purchases of a firm's products
secondary boycottrefusal to buy the goods or services of any firm that does business with a company whose employees are on strike
coordinated campaigningthe use of picketing as well as boycotts
lockoutan employer closes a company's doors to striking workers until negotiators reach a contract agreement
injunctioncourt order to prohibit strike



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