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Labor Law Basics

Learn about the minimum wage, excess demand, constitutional amendments, rationing, search costs, black market, shortage, supply shock, price ceiling, price floor, equilibrium, and more!

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Labor Law Basics

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  1. M E N T S 100 100 100 100 100 200 200 200 200 200 300 300 300 300 300 400 400 400 400 400 500 500 500 500 500

  2. What is the smallest amount, by law, that can be paid to a worker for an hour of labor?

  3. minimum wage

  4. What is it called when quantity demandedis more thanquantity supplied?

  5. excess demand

  6. Which constitutional amendment saysno cruel or unusual punishment?

  7. 8th

  8. Which constitutional amendment grants citizenship to those who are born in the U.S.?

  9. 14th

  10. What is a system of allocating scarce goods and services using some criteria other than price?

  11. rationing

  12. Which constitutional amendment grants freedom of religion, speech & press?

  13. 1st

  14. What is it called when quantity supplied and quantity demandedare not the samein a market?

  15. disequilibrium

  16. What is another wayto say excess supply?

  17. surplus

  18. What are the financial and opportunity costs consumers paywhen looking fora good or service?

  19. search costs

  20. Which constitutional amendment deals with States' rights?

  21. 10th

  22. What is a marketin which goodsare sold illegally?

  23. black market

  24. Which constitutional amendment says accused persons do not have to testify against themselves and no “double jeopardy”?

  25. 5th

  26. What is a situationin which quantity demanded is greater than quantity supplied?

  27. shortage

  28. Which amendment granted womenthe right to vote?

  29. 19th

  30. What is the suddenlack of availabilityof a good?

  31. supply shock

  32. Which constitutional amendment saysno unreasonable searches and seizures?

  33. 4th

  34. What is it called when quantity suppliedis more thanquantity demanded?

  35. excess supply

  36. What is a maximum amount that can be legally charged for a good or service?

  37. price ceiling

  38. What isa minimum pricefor a good or service?

  39. price floor

  40. Which amendment lowered the voting age from 21 to 18?

  41. 26th

  42. What is the point at which quantity supplied and quantity demanded are the same?

  43. equilibrium

  44. Which amendment ended slavery?

  45. 13th

  46. What amendment ended Prohibition and made alcohol legal again?

  47. 21st

  48. What is a price ceiling placed on the amount people pay for housing?

  49. rent control

  50. What are costs of production that affect people who have no control over how much of a good is produced?

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