| A | B |
|---|
| The wage rate that is set when the supply of workers meets the demand for workers is called the | equilibrium wage |
| The unofficial barrier that prevents some women and minorities from advancing in organizations is called the | glass ceiling |
| The practice of negotiating labor contracts that keep unnecessary workers on a payroll is | featherbedding |
| Because demand for labor is set by the demand for another good or service, it is called a | derived demand |
| An organization of workers that tries to improve working conditions for its members is a | labor union |
| Teachers and doctors are categorized as | professional labor |
| What is the basic economic principle that decides how high wages will be? | . Supply and demand control wages. |
| Minimum wage laws have the effect of | raising wages of individual laborers. |
| What factors can affect wages? | minimum wage laws, safety laws, labor unions |
| Generally one of the major differences between union and nonunion workers is that union workers | . earn more for similar work |
