Chapter 9-10 vocab
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| show | all nonmilitary PEOPLE who are EMPLOYED or UNEMPLOYED
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| Outsourcing | show 🗑
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| show | the movement of some of a company's OPERATIONS TO ANOTHER COUNTRY
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| show | the theory that EDUCATION INCREASES efficiency of production and thus results in HIGHER WAGES
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| Screening effect | show 🗑
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| Contingent employment | show 🗑
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| Guest workers | show 🗑
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| Devived demand | show 🗑
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| show | the QUALITY OF OUTPUT produced by a unit of labor
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| Equilibrium wage | show 🗑
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| show | work that REQUIRES NO SPECIALIZED SKILLS, education, or training (JANITORS)
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| Semi-skilled labor | show 🗑
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| show | work that REQUIRES SPECIALIZED skills and TRAINING (CARPENTERS)
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| show | work that REQUIRES ADVANCED SKILLS and education (TEACHERS)
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| show | an unoffical BARRIER THAT sometimes PREVENTS WOMAN and minorities FROM ADVANCING TO THE TOP RANKS of organization dominated BY WHITE MEN (SEXIST !!!!)
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| Labor union | show 🗑
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| show | the practice of negotiating labor contracts that keep UNNECESSARY WORKERS on the COMPANY'S PAYROLL
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| show | an organized work stoppage intended to force an employer TO ADDRESS UNION DEMANDS
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| show | a measure that BANS mandatory UNION MEMBERSHIP
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| Blue-collar worker | show 🗑
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| White-collar worker | show 🗑
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| Collective bargaining | show 🗑
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| show | a SETTLEMENT TECHNIQUE in which a NEUTRAL PERSON meets with each side to try to find a SOLUTION THAT BOTH SIDES WILL ACCEPT
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| Arbitration | show 🗑
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| Money | show 🗑
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| Medium of exchange | show 🗑
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| show | the direct EXCHANGE OF ONE SET of goods or services FOR ANOTHER (TRADING)
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| Unit of account | show 🗑
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| Store of value | show 🗑
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| Currency | show 🗑
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| Commodity money | show 🗑
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| show | OBJECTS that have value because the holder CAN EXCHANGE THEM FOR SOMETHING ELSE PF VALUE (TOKENS)
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| Specie | show 🗑
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| show | OBJECTS that have value because a GOVERNMENT has decreed that they are an ACCEPTABLE means to PAY DEBTS (U.S. DOLLAR)
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| show | an INSTITUTION for RECEIVING, KEEPING, AND LENDING MONEY
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| show | a BANK chartered by the FEDERAL GOVERNMENT
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| Bank run | show 🗑
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| Greenback | show 🗑
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| Gold standard | show 🗑
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| Central bank | show 🗑
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| show | a bank that belongs to the FEDERAL RESERVE SYSTEM
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| show | the seizure of PROPERTY from borrowers who are UNABLE TO REPAY THEIR LOANS
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| show | ALL THE MONEY available in the UNITED STATES ECONOMY
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| show | the ability to be used as, or directly CONVERTED TO, CASH (HOUSE)
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| show | money in a CHECKING ACCOUNT that can be paid out "ON DEMAND" or at any time
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| Money market mutual fund | show 🗑
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| show | a BANKING SYSTEM that keeps only a FRACTION OF ITS FUNDS on hand and lends out of REMAINDER
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| Default | show 🗑
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| Mortgage | show 🗑
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| Credit card | show 🗑
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| show | the PRICE PAID for the use of BORROWED MONEY
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| show | the AMOUNT OF MONEY BORROWED
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| Debit card | show 🗑
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| show | a PERSON or institution TO WHOM MONEY IS OWED
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
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If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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