Wages

Hours worked

Labor productivity

Number of workers

Wages

Hours worked

Labor productivity

Number of workers

The wage at which labor supply equals labor demand

The wage at which firms are willing to pay the most for labor

The wage at which workers are willing to work the most hours

The wage at which the government sets the minimum wage

An organization of workers that bargains with employers over wages, hours, and working conditions

An organization of employers that bargains with workers over wages, hours, and working conditions

A government agency that regulates the labor market

A non-profit organization that provides job training and placement services

A work stoppage by employees in order to force an employer to meet their demands

A work stoppage by employers in order to force employees to accept their terms

A government-mandated shutdown of a business or industry

A temporary layoff of workers due to economic conditions

A work stoppage by employers in order to force employees to accept their terms

A work stoppage by employees in order to force an employer to meet their demands

A government-mandated shutdown of a business or industry

A temporary layoff of workers due to economic conditions

The lowest wage that employers are allowed to pay their employees

The highest wage that employers are allowed to pay their employees

The average wage that employers pay their employees

The wage at which labor supply equals labor demand

Increased unemployment

Decreased unemployment

No effect on unemployment

Increased wages

In a union shop, all employees must be members of the union. In an open shop, employees are not required to be members of the union.

In a union shop, employees are not required to be members of the union. In an open shop, all employees must be members of the union.

In a union shop, employers are required to bargain with the union. In an open shop, employers are not required to bargain with the union.

In a union shop, employees are paid higher wages than in an open shop. In an open shop, employees are paid lower wages than in a union shop.

In a closed shop, all employees must be members of the union. In an open shop, employees are not required to be members of the union.

In a closed shop, employees are not required to be members of the union. In an open shop, all employees must be members of the union.

In a closed shop, employers are required to bargain with the union. In an open shop, employers are not required to bargain with the union.

In a closed shop, employees are paid higher wages than in an open shop. In an open shop, employees are paid lower wages than in a closed shop.

In a right-to-work law, employees are not required to be members of the union. In a closed shop, all employees must be members of the union.

In a right-to-work law, all employees must be members of the union. In a closed shop, employees are not required to be members of the union.

In a right-to-work law, employers are required to bargain with the union. In a closed shop, employers are not required to bargain with the union.

In a right-to-work law, employees are paid higher wages than in a closed shop. In a closed shop, employees are paid lower wages than in a right-to-work law.

A collective bargaining agreement is a contract between a union and an employer that sets wages, hours, and working conditions. A contract is a legal agreement between two or more parties.

A collective bargaining agreement is a legal agreement between two or more parties. A contract is a contract between a union and an employer that sets wages, hours, and working conditions.

A collective bargaining agreement is an agreement between two or more parties that sets wages, hours, and working conditions. A contract is a legal agreement between a union and an employer.

A collective bargaining agreement is a legal agreement between a union and an employer that sets wages, hours, and working conditions. A contract is an agreement between two or more parties.

A grievance is a complaint filed by an employee against an employer. A complaint is a complaint filed by an employer against an employee.

A grievance is a complaint filed by an employer against an employee. A complaint is a complaint filed by an employee against an employer.

A grievance is a complaint filed by an employee or a union against an employer. A complaint is a complaint filed by an employer against an employee or a union.

A grievance is a complaint filed by an employer or a union against an employee. A complaint is a complaint filed by an employee or a union against an employer.

Arbitration is a process in which a neutral third party makes a binding decision on a dispute. Mediation is a process in which a neutral third party helps the parties to reach a settlement.

Arbitration is a process in which a neutral third party helps the parties to reach a settlement. Mediation is a process in which a neutral third party makes a binding decision on a dispute.

Arbitration is a process in which the parties agree to submit their dispute to a neutral third party for a binding decision. Mediation is a process in which the parties agree to submit their dispute to a neutral third party for a non-binding decision.

Arbitration is a process in which the parties agree to submit their dispute to a neutral third party for a non-binding decision. Mediation is a process in which the parties agree to submit their dispute to a neutral third party for a binding decision.