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Home Page Arts And Humanities Literature Comparison Economics Chapter 8 Section 3 Vocabulary - Flashcards

Economics Chapter 8 Section 3 Vocabulary – Flashcards

Tony Foust
8 July 2022
8 test answers

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question
giveback
answer
a wage, fringe benefit, or work rule given up when a labor contract is renegotiated
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two-tier wage system
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a system that keeps high wages for current workers, but has a lower wage for newly hired workers
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glass ceiling
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an invisible barrier that obstructs their advancement up the corporate ladder
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set-aside contract
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a guaranteed contract reserved for a targeted group
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minimum wage
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the lowest wage that can be paid by law to most workers
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current dollars
answer
dollars not adjusted for inflation
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real/constant dollars
answer
dollars that are adjusted in a way that removes the distortion of inflation
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base year
answer
a year that serves as a comparison for all other years
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Question
What is the right structure for an essay
Answer
A paragraph is a related group of sentences that develops one main idea. Each paragraph in the body of the essay should contain:
  • a topic sentence that states the main or controlling idea
  • supporting sentences to explain and develop the point you’re making
  • evidence from your reading or an example from the subject area that supports your point
  • analysis of the implication/significance/impact of the evidence finished off with a critical conclusion you have drawn from the evidence.