Economics 4 and 5 Quiz

Provide the term given the definition:

Laws that try to prevent or break up monopoly-like market structures

Provide the term given the definition:

Representatives of labor and management negotiate a labor contract

Provide the term given the definition:

Labor is a ________ that can be bought and sold

Provide the term given the definition:

Government removes restrictions in price and producers

Provide the term given the definition:

Compensation other than wages like health insurance and paid time off

Provide the term given the definition:

Responsibility for debt and other legal obligations

Provide the term given the definition:

One producers dominates production of a good or service

Provide the term given the definition:

Provides a benefit or service to society without seeking a profit

Provide the term given the definition:

Prohibits requiring employees to join or pay money to a union

Provide the term given the definition:

Temporary work stoppage to get management to meet workers' demands