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Ch. 8 Quiz

. Why would a big corporation like Wal-Mart not want to allow workers to unionize?. 1. List the three factors that determine wage rate. 3 pts. 2. What’s the diff between real wages & cost of living ? 2 pts. Percentage of civilian labor force that is unemployed

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Ch. 8 Quiz

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  1. Why would a big corporation like Wal-Mart not want to allow workers to unionize? 1 List the three factors that determine wage rate.3 pts 2 What’s the diff between real wages & cost of living?2 pts Percentage of civilian labor force that is unemployed (give the current national % ) 3 5 4 What are three of the early goals of labor? (AFL, Knights, etc…) 20 Ch. 8 Quiz GLOSSARY

  2. 6 Federal Minimum Wage=$1 pt CA Minimum Wage =$ 1 pt OK Minimum Wage =$ 2pts remember both??? 7 8 List two positive & two Negative things about unions. 4pts Explain why Mr. Orr’s kids are not considered “unemployed” even though they don’t work.2 pts 9 10 21 Chap. 8 (continued) GLOSSARY End of Chapter 8

  3. 20 Super Bonus Challenge Questions 1. Why do some economists refer to a minimum wage increase as a “phantom raise”??? (2pts) 2. Who are the two Representatives for Fullerton? (North & South) (2pts) 3. Name TWO states in MEXICO. (2pts) GLOSSARY

  4. No Unions for WalMart 1 List the three factors that determine wage rate.3 pts 2 Percentage of civilian labor force that is unemployed 1 pt “real wage” “cost of Livin’2 pts 3 5 4 Early Goals (3pts) 20 Ch. 8 Quiz Answers Don’t want to pay high wages, etc… Demand for what you do, Productivity/education, Supply of Workers 1.What you have after Taxes, retirement, etc... 2. How much stuff will cost And how far your $ goes. Better pay, hours, conditions, etc… GLOSSARY Unemployment Rate= 7.8%

  5. 6 Federal Minimum Wage=$1 pt CA Minimum Wage =$ 1 pt 7 OK Min Wage=2 pts List two positive & Negative things about unions.4pts Explain why my children are not considered “unemployed” even though they don’t work.2 pts 10 8 9 21 Chap. 8 20 total $7.25 $8 $2.00 for tiny businesses $7.25 for the rest GLOSSARY Positive: Collective Voice, help in negotiations, make things safer, more efficient, etc… Negative: strange rules, obstacle to business, strikes, etc… End of Chapter 8 Various

  6. 20 Super Bonus Challenge Questions 1. Why do some economists refer to a minimum wage increase as a “phantom raise”??? B/C you don’t really get more $, business raise prices 2. Who are the two Representatives for Fullerton? (North & South) (2pts) Royce, Sanchez GLOSSARY 3. Name TWO states in MEXICO. (2pts)

  7. Due next Fri. CHAPTER 9 P.258 Econ Vocab #1-11

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