III. Fill in the blanks below with the most appropriate terms from

Date: 2015-10-07; view: 584.

VOCABULARY EXERCISES

I. Give the Ukrainian equivalents for the following words and
word-combinations. Use them in the sentences of your own:

tools of supply and demand; wage rate; baby sitter; traditional theory of wage determination; professional managers; wages; in other words; variations in wage rates; supply and demand; family ties; political influence; collective bargaining process; to push for lower wages; to negotiate for wages; cost of living.

II. Translate the sentences paying attention to the italicized words:

1. Tax and insurance are deducted from your wages. 2. The staff have agreed to a voluntary wage freeze. 3. We have two wage-earners in the family. 4. If wages were to rise by 15% from 100 per week and the rate of inflation was 10%, the real wage would have risen by 5%. 5. Wages council is a board of workers' and employers' representatives determining wages where there is no collective bargaining. 6. Money wages are expressed in money terms only, i.e. without taking inflation into account. 7. Living (minimum) wage is a wage that affords the means of normal subsistence.
8. Wages are paid on Fridays.

the list:

the traditional theory of wage determination; professional managers; wages; the collective bargaining process; supply and demand; labour; the cost of living; wage rate; unions; work.

1. The theory that uses the tools of __________ to explain differences in wage rates is called _________ . 2. _________ generally are scarcer than ditch diggers or baby sitters. 3. The higher the level of skills, or grade of ________ , the higher the average yearly ___________ . 4. At times, wages are determined by the influence of organized labour and ___________ .
5. Some unproductive workers, for example, may receive high ____________ because of family ties or political influence. 6. When negotiating for wages, __________ want to know the wage rates in other plants for the same kind of ________ and what changes have taken place or will take place in the future in __________ .

IV. Match each term in Column A with its definition in Column B: