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What is macroeconomics?
Deals with economy as a whole, including employment, gross domestic product, inflation, economic growth, and distribution of income
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Which workers are not counted as being part of the civilian force?
Members of armed forces, prison population, and other institutionalized persons
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How do a trade union and an industrial union differ?
In a Trade Union, skilled workers perform SAME jobs. In an Industrial Union, same industry regardless of the job each worker performs
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What actions could unions take if negotiations with industry employers failed? Explain each one.
- Strike - Refuse to work until certain demands were met.
- Boycott - Mass refusal to buy products from targeted employers or companies.
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What actions could employers take in their fight against unions? Explain each one.
- Lockout - Refusal to let the employees work until management demands were met.
- Company Union - Union organized, supported or run by employers to head off efforts by others to organize workers
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How did the Clayton Antitrust Act help labor unions?
Exempts labor union from prosecution under Sherman Act
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What did the National Labor Relations Act (NLRA) of 1935 do for unions
Established the right of unions to collective bargaining.
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What did the Fair Labor Standards Act of 1938 do for labor?
Fixed federal minimum wage, time-and-a-half pay for overtime, prohibits oppressive child labor(child labor under 16 and hazardous health under 18)
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How did the Taft-Hartley Act of 1947 affect labor?
Puts limits on what union can do in labor-management disputes. Created 80-day cooling-off period and right-to-work law. Against organized labor.
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What is the main purpose of organized labor?
Effectively deal with management
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What effext did the Taft-Hartley Act have on the closed shop?
Made closed shops illegal for companies involved in interstate commerce
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What is a Union Shop?
Employment situation that requires workers to join a union upon being hired
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What happens if workers coluntarily join the union?
They must remain members for as long as they work
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What effect does a contract negotiated by the union have on nonunion workers in an agency shop?
They are subject to the contract
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What happens in collective bargaining?
Representatives from both sides meet and compromises are made
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What is the goal of mediation?
Resolve Differences
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What is the difference between arbitration and meditation?
3rd party in meditation just helps. but In Arbitration, his decision is FINAL.
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What is fact-finding?
Agreement between union and management to have a 3rd party interfere
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What is the purpose of a government seizure?
Allows government to negotiate with union
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What can the president of the US do to end labor dispute?
Publicly appeal to both parties
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