Chapter 17 & 9 Vocabulary Worksheet
1. Labor force
2. White-collar worker
3. Exchange rate
4. Tariff
5. Comparative advantage
6. Semi-skilled labor
7. Labor union
8. Balance of trade
9. Collective bargaining
10. World Trade Organization
A. A tax on imported goods.
B. The relationship between a nation’s imports and its exports.
C. The process in which union and company representatives meet to negotiate a new labor contract.
D. Someone in a professional or clerical job who usually earns a salary.
E. The ability to produce a product most efficiently given all the other products that could be produced.
F. A worldwide organization whose goal is freer global trade and lower tariffs.
G. The value of a foreign nation’s currency in terms of the home nation’s currency.
H. Labor that requires minimal specialized skills and education.
I. An organization of workers that tries to improve working conditions, wages, and benefits for its members.
J. All nonmilitary people who are employed or unemployed.
1. Labor force
2. White-collar worker
3. Exchange rate
4. Tariff
5. Comparative advantage
6. Semi-skilled labor
7. Labor union
8. Balance of trade
9. Collective bargaining
10. World Trade Organization
A. A tax on imported goods.
B. The relationship between a nation’s imports and its exports.
C. The process in which union and company representatives meet to negotiate a new labor contract.
D. Someone in a professional or clerical job who usually earns a salary.
E. The ability to produce a product most efficiently given all the other products that could be produced.
F. A worldwide organization whose goal is freer global trade and lower tariffs.
G. The value of a foreign nation’s currency in terms of the home nation’s currency.
H. Labor that requires minimal specialized skills and education.
I. An organization of workers that tries to improve working conditions, wages, and benefits for its members.
J. All nonmilitary people who are employed or unemployed.