About This Chapter
U.S. Labor Market- Chapter Summary
Use this chapter to jar your memory of topics including globalization, the global market, the labor supply and others by viewing 5-10 minute video lessons. Afterwards, answer short quiz questions based on what you've reviewed. This chapter includes the topics above, plus these:
- Distinctions between labor markets and unions
- Economic goals of the U.S.
- Effects of information technology on the economy
- Interregional shifts in employment
- Definition of production and productivity
Vocabulary words and themes can be found in the written transcripts. This chapter is also mobile friendly, so you can review concepts on-the-go. Do not worry about tracking your progress, because our dashboard feature does it for you. If you need to revisit any lesson, you may use the Recent Activity link.
1. Labor in the U.S.: Unions, Labor Markets & Professions
This lesson discusses the differences between the two labor markets in the United States - primary and secondary. It also defines labor unions and the characteristics of a profession.
2. Economic Goals for the US Economy
This lesson will highlight the key economic goals of the United States economy, including examples to help you remember these different values. You'll also consider some of the challenges of balancing these goals.
3. The Changing Landscape of the Global Market
The global market is still developing, and a market that is developing is dynamic. The constant change offers opportunities and presents risks to countries and their domestic industries. In this lesson, you'll learn about some of these risks and opportunities.
4. Information Technology: Impact on the Economy
5. Interregional & Intraregional Shifts in Employment
Moving is part of all of our lives. Sometimes it is we who move; sometimes it is someone we know. In this lesson we will explore one of the major factors that causes many moves each year: employment. Come along as we learn about the types, causes, and effects.
6. Understanding Shifts in Labor Supply and Labor Demand
Find out what the labor supply is and what causes it to change or shift. Learn about labor demand and what causes firms and markets to increase or decrease their demand for labor.
7. Production, Productivity & Competitiveness
Do you know the difference between production and productivity? In this lesson, we will discuss production, productivity, and competitiveness, and the critical variables that enhance productivity.
8. Effect of Globalization on the U.S. Economy
Globalization is a concept that comes with positive and negative views and perspectives. In this lesson we will discuss globalization and some of the effects it has on the U.S. economy.
Earning College Credit
Did you know… We have over 200 college courses that prepare you to earn credit by exam that is accepted by over 1,500 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.
To learn more, visit our Earning Credit Page
Transferring credit to the school of your choice
Not sure what college you want to attend yet? Study.com has thousands of articles about every imaginable degree, area of study and career path that can help you find the school that's right for you.
Other chapters within the CSET Social Science Subtest III (116): Practice & Study Guide course
- About the CSET Social Science Test
- Early Influences on American Government
- Constitutional Democracy in the United States
- Overview of American Law
- Principles of American Democracy
- Religion and Religious Diversity
- Principles of Civil Society
- The Three Branches of Government
- Supreme Court Cases
- Election Process
- Levels of Government in the U.S.
- Mass Media in the United States
- Political Systems
- Tension in American Democracy
- Economic Terms and Concepts
- American Market Economy
- Politics and Economics
- U.S. Labor Unions
- Aggregate Economic Behavior
- Factors in International Trade
- California History
- Sources of Information in Social Science
- Historical Interpretations
- Social Science Research
- Social Science Perspectives
- CSET Social Science Subtest 3 Flashcards