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Evidence in support of the hypothesis that unions increase t

Paper help Economics Evidence in support of the hypothesis that unions increase t

Economics

Evidence in support of the hypothesis that unions increase t

Evidence in support of the hypothesis that unions increase the productivity of unio… Show more Question 1 Evidence in support of the hypothesis that unions increase the productivity of union workers is Question 1 options: there is an excess supply of labor at the union wage rate. that most contracts are settled without a strike. that unionized firms face lower turnover rates than nonunion firms do. the fact that union wages are greater than nonunion wages. Question 2 A business enterprise in which employees must belong to the union before they can be hired is Question 2 options: a jurisdictional dispute. a union shop. an industrial union. a closed shop. Question 3 Legislation that makes it illegal to require union membership as a condition of continuing employment is the Question 3 options: Congress of Industrial Organizations. Wagner Act. National Labor Relations Act. collection of right-to-work laws. Question 4 A right-to-work law makes it illegal Question 4 options: to fire a worker who has joined a union or who tries to organize a union at any firm. to prevent union members from working in any firm. for union membership to be a requirement for continued employment in any firm. to inquire whether a prospective employee is a member of a union or not. Question 5 The employees of Ajax cookies are on strike. Jane has decided not to shop at any store that is still selling Ajax cookies. This is known as Question 5 options: a sympathy strike. a secondary boycott. a union shop. a closed shop. Question 6 A union can achieve higher wages without accepting lower levels of employment of members by Question 6 options: increasing the productivity of its members. increasing the amounts of imports. striking. increasing the difficulty of its apprenticeship program. Question 7 A primary objective of labor unions is to Question 7 options: secure equal pay for its members. seek better pay and improved work conditions. have equal power with their employer. all of the above none of the above Question 8 Joe belongs to a union for bakers. This is an example of a Question 8 options: union shop. bilateral monopoly. closed shop. craft union. Question 9 A primary objective of labor unions is to Question 9 options: secure equal pay for its members. seek better pay and improved work conditions. have equal power with their employer. all of the above none of the above Question 10 Sometimes unions can raise wages above what productivity increases would permit. When this happens, we can be sure that Question 10 options: featherbedding will occur. there is a redistribution of income from union workers to nonunion workers. the employment of union workers is increasing. some union workers end up losing their jobs. Question 11 Refer the above figure. Suppose the union sets the wage rate that will maximize the total income for the members who work. The total wages will be Question 11 options: W1iL4O. W2aL3O. W3bL2O. W3bhW1. Question 12 Refer to the above table. What does the marginal factor cost equal when the firm employs the second unit of labor? Question 12 options: 19 36 38 21 Question 13 The Taft-Hartley Act of 1947 made Question 13 options: closed shops illegal. sympathy strikes legal. union shops illegal. secondary boycotts legal. Question 14 Refer to the above figure. If the union wants to maximize the total income of its members who work, it will set wages at Question 14 options: W1. W2. W3. W4. Question 15 Bilateral monopoly exists when Question 15 options: a firm is both a monopolist in its output market and a monopsonist in the input market. there is a monopoly and a monopsony in a market. there are two competing labor unions in a labor market. there is either a monopoly or a monopsony in the market. Question 16 An example of featherbedding is Question 16 options: advertising that encourages consumers to buy union-made goods. the requirement that all construction workers who work on a government-financed project receive the union wage rate regardless if they are in the union or not. union requirements that forbid the use of certain laborsaving equipment. lobbying Congress to get higher tariffs. Question 17 Suppose a union successfully negotiates a wage rate for its members that is above the competitive wage rate. Then, Question 17 options: the union must also negotiate a fringe-benefit package that the membership will like. employment in the union sector will increase. the union must find a way to ration jobs among the excessive number of workers who wish to work at the negotiated wage. the union must find a way to make union workers more productive. Question 18 A labor union is likely to seek all of the following EXCEPT Question 18 options: increased job security for its members. increased competitiveness in the labor market. economic improvements for their members. safer working conditions. Question 19 Bilateral monopoly exists when Question 19 options: there is a monopoly and a monopsony in a market. a firm is both a monopolist in its output market and a monopsonist in the input market. there is either a monopoly or a monopsony in the market. there are two competing labor unions in a labor market. Question 20 The main difference between a monopsonist and a competitive buyer of labor is that Question 20 options: the monopsonist can hire as many workers as it wants at the going wage while the competitive firm must raise wages to hire additional workers. the competitive firm can hire as many workers as it wants at the going wage while the monopsonist can hire more workers at lower wages. the monopsonist can force wages down and still hire as many workers as it wants while the competitive firm must increase the wage rate to hire additional workers. the competitor can hire as many workers as it wants at the going wage while the monopsonist must raise wages to hire additional workers. • Show less

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