Question 1

In the monopoly union model, unions are able to raise wages above competitive levels but only at the expense of which of the following?

Accepted Answer

A)  reduced employee turnover 
B)  reduced employment 
C)  increased employee turnover 
D)  increased employment 
A)  reduced employee turnover 
B)  reduced employment 
C)  increased employee turnover 
D)  increased employment B

Question 2

Typically, empirical studies using individual-level data find that union wage mark-ups are largest for which group of workers?

Accepted Answer

A)  union-covered manual workers 
B)  manual union members 
C)  union-covered non-manual workers 
D)  non-manual union members 
A)  union-covered manual workers 
B)  manual union members 
C)  union-covered non-manual workers 
D)  non-manual union members B

Question 3

The situation where all mutually advantageous bargains have been exhausted is described by which of the following models?

Accepted Answer

A)  monopoly union model 
B)  Rees model 
C)  right-to-manage model 
D)  efficient bargaining model 
A)  monopoly union model 
B)  Rees model 
C)  right-to-manage model 
D)  efficient bargaining model D

Question 4

The collective voice approach implies that unions raise productivity through which of the following mechanisms?

Accepted Answer

A)  reducing the costs of bargaining 
B)  reducing the likelihood of bargaining 
C)  reducing employee morale 
D)  reducing labour turnover 
A)  reducing the costs of bargaining 
B)  reducing the likelihood of bargaining 
C)  reducing employee morale 
D)  reducing labour turnover

Question 5

The wage-employment outcome under the situation of bi-lateral monopoly is which of the following?

Accepted Answer

A)  indeterminate 
B)  always Pareto efficient 
C)  utility-maximising for unions 
D)  undesirable for firms 
A)  indeterminate 
B)  always Pareto efficient 
C)  utility-maximising for unions 
D)  undesirable for firms

Question 6

The non-union wage is not the same as the wage which would prevail in the absence of unions because of which of the following?

Accepted Answer

A)  displaced union workers will force down wages in the non-unionised sector 
B)  union workers are more productive than their non-unionised counterparts 
C)  firms will substitute labour for capital in the non-unionised sector 
D)  non-union wages are determined by competitive forces and unionised wages are not 
A)  displaced union workers will force down wages in the non-unionised sector 
B)  union workers are more productive than their non-unionised counterparts 
C)  firms will substitute labour for capital in the non-unionised sector 
D)  non-union wages are determined by competitive forces and unionised wages are not

Question 7

The competitive status seniority model predicts which of the following?

Accepted Answer

A)  that older workers are more productive 
B)  that Pareto efficient outcomes can lie on the labour demand schedule 
C)  that all points along the labour demand schedule are Pareto inefficient 
D)  that older workers will be the first to lose their jobs in a downturn 
A)  that older workers are more productive 
B)  that Pareto efficient outcomes can lie on the labour demand schedule 
C)  that all points along the labour demand schedule are Pareto inefficient 
D)  that older workers will be the first to lose their jobs in a downturn

Question 8

The monopoly union model will equate the marginal revenue from the sale of member services to which of the following?

Accepted Answer

A)  the marginal value product of output 
B)  marginal utility 
C)  the supply price of member services 
D)  the unit cost of output 
A)  the marginal value product of output 
B)  marginal utility 
C)  the supply price of member services 
D)  the unit cost of output

In the monopoly union model, unions are able to raise wages above competitive levels but only at the expense of which of the following?

Typically, empirical studies using individual-level data find that union wage mark-ups are largest for which group of workers?

The situation where all mutually advantageous bargains have been exhausted is described by which of the following models?

The collective voice approach implies that unions raise productivity through which of the following mechanisms?

The wage-employment outcome under the situation of bi-lateral monopoly is which of the following?

The non-union wage is not the same as the wage which would prevail in the absence of unions because of which of the following?

The competitive status seniority model predicts which of the following?

The monopoly union model will equate the marginal revenue from the sale of member services to which of the following?

Labour Force Participation

The Labour Supply Curve

Investment in Human Capital

The Demand for Labour; Changing Jobs: The Economics of Job Search

Extensions of Labour Demand: Mismatches in the Labour Market

Bargaining and Conflict

The Structure of Labour Markets

Wage Incentives

Labour Market Policy

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Exam 6: Trade Unions

In the monopoly union model, unions are able to raise wages above competitive levels but only at the expense of which of the following?

Typically, empirical studies using individual-level data find that union wage mark-ups are largest for which group of workers?

The situation where all mutually advantageous bargains have been exhausted is described by which of the following models?

The collective voice approach implies that unions raise productivity through which of the following mechanisms?

The wage-employment outcome under the situation of bi-lateral monopoly is which of the following?

The non-union wage is not the same as the wage which would prevail in the absence of unions because of which of the following?

The competitive status seniority model predicts which of the following?

The monopoly union model will equate the marginal revenue from the sale of member services to which of the following?

Labour Force Participation

The Labour Supply Curve

Investment in Human Capital

The Demand for Labour; Changing Jobs: The Economics of Job Search

Extensions of Labour Demand: Mismatches in the Labour Market

Bargaining and Conflict

The Structure of Labour Markets

Wage Incentives

Labour Market Policy

Filters