The following?
Date: 2015-10-07; view: 619.
Column A Column B
| 1. labour | a. A standard amount of pay given for work performed. |
| 2. labour force | b. The lowest legal wage an employer can pay. |
| 3. wages | c. Associations of workers formed to promote the interests of their members. |
| 4. wage rate | d. The human effort required to produce goods and services. |
| 5. labour/trade unions | e. Cost of goods and services needed for an average standard of living. |
| 6. traditional theory of wage determination | f. Negotiations with management by a union to prepare a labour contract. |
| 7. labour market | g. The theory that uses the tools of supply and demand to explain differences in wage rates. |
| 8. collective bargaining | h. Individuals, 16 years of age or older, working or looking for work. |
| 9. minimum wage | i. The price paid for the use of labour. |
| 10. cost of living | j. The market that determines who has jobs and the rate of pay for a particular job. |
V. Define which of the following items best completes the statement:
1. In the future, businesses hiring new employees are likely to stress
a. gender.
b. education.
c. race.
d. physical fitness.
2. A union of workers, all of whom are electricians, is an example of
a. an industrial union.
b. a craft union.
c. a business union.
d. a union local.
3. The demand for labour will decrease in response to which of
a. Increased productivity.
b. Better training of all labourers.
c. A decrease in the supply of labour.
e. An increase in the supply of labour.
VI. Complete the following sentences:
1. The theory that uses the tools of supply and demand to explain differences in wage rates is called ... . 2. When the level of supply is large in relation to demand ... . 3. When the level of supply is low in relation to demand ... . 4. The higher the level of skills or grade of labour ... . 5. Some unproductive workers may receive ... . 6. Some highly skilled workers may receive ... . 7. At times, wages are determined not by supply and demand but ... . 8. Unions do not try to get higher wages for their members on the grounds ... . 9. When negotiating for wages, unions want to know ... .
VII. Answer the following questions:
1. What is the traditional theory of wage determination? 2. How do supply and demand influence the wage rate? 3. Does the wage rate depend on skill of the worker? 4. In what cases does the traditional theory not explain the interrelation beween skill and wage rate? 5. What are the other factors affecting the wage rate? 6. What do the unions consider when negotiating for wages?
VIII. Translate into English:
1. Професійних менеджерів менше, ніж некваліфікованих чи напівкваліфікованих робітників. 2. Що вищий рівень кваліфікації, то вища середньорічна ставка. 3. Бувають випадки, коли традиційна теорія не пояснює різниці в заробітній платі. 4. У деяких випадках профспілки не домагаються вищої зарплати для своїх членів на підставі того, що пропозиція робочої сили є недостатньою стосовно попиту. 5. Коли домовляються про зарплату, профспілки хочуть знати, за якими ставками оплачується така сама праця на інших заводах.
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