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econ 9.1-9.3
econ review
Question | Answer |
---|---|
demand that is determined by demand for another good or service | derived demand |
the value of output | productivity |
labor that requires no specialized skills, education, or training | unskilled labor |
labor that requires minimal specialized skills and education | semi-skilled labor |
labor that requires specialized skills and training | skilled labor |
labor that requires advanced skills and education | professional labor |
an organization of workers that tries to improve working conditions, wages, and benefits for its members | labor union |
and organized work stoppage intended to force an employer to address union demands | strike |
someone who works in an industrial job, often in manufacturing, and who recieves wages | blue-collar worker |
somsone in a professional or clerical job who usually earns a salary | white-collar worker |