Chapter 13 Post Quiz
The Labor Market

Matching Questions:

Match the terms on the left with the definition in the column on the right. Enter the lowercase letter of that definition in the box to the left of the question number.

	1. Real wage	a. Determines the demand for labor.
	2. Marginal productivity	b. Education
	3. Determinants of labor supply	c. Barred child labor, called for time-and-a-half pay for weekly hours over 40 and set a federal minimum wage for most nonfarm workers.
	4. Increased	d. A major national labor organization in the United States.
	5. Compensating differences	e. The labor force participation rate of women.
	6. Human capital	f. The purchasing power of an hour's work.
	7. AFL-CIO	g. Wage differentials that serve to compensate for the relative attractiveness, or nonmonetary differences, among jobs.
	8. Collective bargaining	h. Hours worked, labor-force participation, and immigration
	9. Fair Labor Standards Act	i. The process of negotiation between representatives of firms and of workers for the purpose of establishing mutually agreeable conditions of employment.
	10. Unions	j. Gain market power by obtaining monopoly rights on the provision of labor to particular firms.
	11. Work	k. Involves different treatment of different people based on some personal characteristics and practices that inversely impact certain groups.
	12. Discrimination	l. Not a lump.
	13. Statistical discrimination	m. Occurs when individuals are treated on the basis of the average behavior of member of the group to which they belong rather than on their personal characteristics.