Question 1

Unions favor advertising the products they produce because this

Accepted Answer

A)  increases the derived demand for their own labor services 
B)  increases the profits of their employers 
C)  decreases the costs of health care benefits 
D)  decreases the supply of labor 
A)  increases the derived demand for their own labor services 
B)  increases the profits of their employers 
C)  decreases the costs of health care benefits 
D)  decreases the supply of labor

Question 2

The imposition of tariffs and quotas on imported goods tends to cause the

Accepted Answer

A)  demand curve for domestic labor to shift to the right 
B)  demand curve for domestic labor to shift to the left 
C)  supply curve of domestic labor to shift to the right 
D)  supply curve of domestic labor to shift to the left 
A)  demand curve for domestic labor to shift to the right 
B)  demand curve for domestic labor to shift to the left 
C)  supply curve of domestic labor to shift to the right 
D)  supply curve of domestic labor to shift to the left

Question 3

Which of the following statements is true?

Accepted Answer

A)  Unions for bricklayers and electricians are industrial unions. 
B)  The United Postal Workers is an example of a craft union. 
C)  Unionized auto and steel workers in the U.S. are threatened by foreign competition. 
D)  Unions try to increase wages by decreasing the consumer demand for the product. 
A)  Unions for bricklayers and electricians are industrial unions. 
B)  The United Postal Workers is an example of a craft union. 
C)  Unionized auto and steel workers in the U.S. are threatened by foreign competition. 
D)  Unions try to increase wages by decreasing the consumer demand for the product.

Question 4

A recent National Bureau of Economic Research study showed that increased Mexico-origin immigration into the U.S. during 1980-2000 had what type of effect on U.S. labor markets?

Accepted Answer

A)  a big negative effect on workers with some college 
B)  a small negative effect on low-skilled workers 
C)  bigger effects in the long run than in the short run 
D)  no effect 
A)  a big negative effect on workers with some college 
B)  a small negative effect on low-skilled workers 
C)  bigger effects in the long run than in the short run 
D)  no effect

Question 5

Labor migration from Brazil to the United States results in a decrease in output and a decrease in wages in the United States, and an increase in output and an increase in wages in Brazil.

Accepted Answer

A) True 
 B)False

Question 6

The supply curve of labor decreases if

Accepted Answer

A)  wages are increased 
B)  wages are reduced 
C)  work becomes more attractive than leisure 
D)  leisure becomes more attractive than work 
A)  wages are increased 
B)  wages are reduced 
C)  work becomes more attractive than leisure 
D)  leisure becomes more attractive than work

Question 7

Traditionally, domestic labor unions have lobbied for liberal immigration policies and against union shop provisions in labor contracts.

Accepted Answer

A) True 
 B)False

Question 8

With a union shop, workers do not have to belong to a union when they initially obtain employment but must join a union within a specified length of time after becoming employed.

Accepted Answer

A) True 
 B)False

Question 9

Collective bargaining agreements usually pertain to all of the following except

Accepted Answer

A)  working conditions 
B)  hours of employment 
C)  wages 
D)  prices of goods produced 
A)  working conditions 
B)  hours of employment 
C)  wages 
D)  prices of goods produced

Question 10

Given a competitive market for computer workers, an increase in the demand for computers will result in

Accepted Answer

A)  lower employment and a lower wage for computer workers 
B)  lower employment and a higher wage for computer workers 
C)  higher employment and a lower wage for computer workers 
D)  higher employment and a higher wage for computer workers 
A)  lower employment and a lower wage for computer workers 
B)  lower employment and a higher wage for computer workers 
C)  higher employment and a lower wage for computer workers 
D)  higher employment and a higher wage for computer workers

Question 11

Figure 8.1 The Market for Horse Groomers
  
-Refer to Figure 8.1. The change in labor demand from D0 to D1 could have been caused by

Accepted Answer

A)  the price of grooming a horse to fall 
B)  falling wages of horse groomers 
C)  a decrease in the number of stables offering horse grooming services 
D)  more people owning horses 
A)  the price of grooming a horse to fall 
B)  falling wages of horse groomers 
C)  a decrease in the number of stables offering horse grooming services 
D)  more people owning horses

Question 12

The supply curve of labor increases if

Accepted Answer

A)  wages are increased 
B)  wages are reduced 
C)  work becomes more attractive than leisure 
D)  leisure becomes more attractive than work 
A)  wages are increased 
B)  wages are reduced 
C)  work becomes more attractive than leisure 
D)  leisure becomes more attractive than work

Question 13

Minimum wages help many workers at the bottom while reducing potential jobs for teenagers

Accepted Answer

A) True 
 B)False

Question 14

The value of the marginal product of labor constitutes the supply curve of labor.

Accepted Answer

A) True 
 B)False

Question 15

In the United States, labor unions generally welcome cheap immigrant labor.

Accepted Answer

A) True 
 B)False

Question 16

When employers substitute other factors of production for union workers as their wages are pushed upward, this action tends to threaten the employment levels and wage structure of union workers.

Accepted Answer

A) True 
 B)False

Question 17

If a labor union and management cannot agree about wages, hours, or other conditions of employment, they may agree to mediation or arbitration.

Accepted Answer

A) True 
 B)False

Question 18

To the extent that a higher wage causes labor to become less productive, the demand for labor decreases, thus offsetting the unemployment effects caused by the minimum wage.

Accepted Answer

A) True 
 B)False

Question 19

Under the provisions of a(n) ______ shop, Ace Manufacturing can hire nonunion workers provided that they join a union within a specified period of time.

Accepted Answer

A)  closed 
B)  open 
C)  integrated 
D)  union 
A)  closed 
B)  open 
C)  integrated 
D)  union

Question 20

Since 1970, the number of union employees in the U.S. has

Accepted Answer

A)  gradually declined 
B)  increased dramatically 
C)  stayed about the same 
D)  increased and decreased sharply from year to year 
A)  gradually declined 
B)  increased dramatically 
C)  stayed about the same 
D)  increased and decreased sharply from year to year

Unions favor advertising the products they produce because this

The imposition of tariffs and quotas on imported goods tends to cause the

Which of the following statements is true?

A recent National Bureau of Economic Research study showed that increased Mexico-origin immigration into the U.S. during 1980-2000 had what type of effect on U.S. labor markets?

Labor migration from Brazil to the United States results in a decrease in output and a decrease in wages in the United States, and an increase in output and an increase in wages in Brazil.

The supply curve of labor decreases if

Traditionally, domestic labor unions have lobbied for liberal immigration policies and against union shop provisions in labor contracts.

With a union shop, workers do not have to belong to a union when they initially obtain employment but must join a union within a specified length of time after becoming employed.

Collective bargaining agreements usually pertain to all of the following except

Given a competitive market for computer workers, an increase in the demand for computers will result in

Figure 8.1 The Market for Horse Groomers -Refer to Figure 8.1. The change in labor demand from D₀to D₁ could have been caused by

The supply curve of labor increases if

Minimum wages help many workers at the bottom while reducing potential jobs for teenagers

The value of the marginal product of labor constitutes the supply curve of labor.

In the United States, labor unions generally welcome cheap immigrant labor.

When employers substitute other factors of production for union workers as their wages are pushed upward, this action tends to threaten the employment levels and wage structure of union workers.

If a labor union and management cannot agree about wages, hours, or other conditions of employment, they may agree to mediation or arbitration.

To the extent that a higher wage causes labor to become less productive, the demand for labor decreases, thus offsetting the unemployment effects caused by the minimum wage.

Under the provisions of a(n) ______ shop, Ace Manufacturing can hire nonunion workers provided that they join a union within a specified period of time.

Since 1970, the number of union employees in the U.S. has

Scarcity and Choice

Market Transactions: Demand and Supply Analysis

Demand and Supply Applications

Production and the Costs of Production

Competition and Monopoly: Virtues and Vices

Imperfect Competition

Government and Markets

The Mixed Economy of the United States

Gross Domestic Product and Economic Growth

The Business Cycle, Unemployment, and Inflation

Macroeconomic Instability: Aggregate Demand and Aggregate Supply

Fiscal Policy and the Federal Budget

Money and the Banking System

The Federal Reserve and Monetary Policy

The United States and the Global Economy

International Finance

Economic Systems and Developing Countries

Filters

Exam 7: Labor Markets

Unions favor advertising the products they produce because this

The imposition of tariffs and quotas on imported goods tends to cause the

Which of the following statements is true?

A recent National Bureau of Economic Research study showed that increased Mexico-origin immigration into the U.S. during 1980-2000 had what type of effect on U.S. labor markets?

Labor migration from Brazil to the United States results in a decrease in output and a decrease in wages in the United States, and an increase in output and an increase in wages in Brazil.

The supply curve of labor decreases if

Traditionally, domestic labor unions have lobbied for liberal immigration policies and against union shop provisions in labor contracts.

With a union shop, workers do not have to belong to a union when they initially obtain employment but must join a union within a specified length of time after becoming employed.

Collective bargaining agreements usually pertain to all of the following except

Given a competitive market for computer workers, an increase in the demand for computers will result in

Figure 8.1 The Market for Horse Groomers -Refer to Figure 8.1. The change in labor demand from D0 to D1 could have been caused by

The supply curve of labor increases if

Minimum wages help many workers at the bottom while reducing potential jobs for teenagers

The value of the marginal product of labor constitutes the supply curve of labor.

In the United States, labor unions generally welcome cheap immigrant labor.

When employers substitute other factors of production for union workers as their wages are pushed upward, this action tends to threaten the employment levels and wage structure of union workers.

If a labor union and management cannot agree about wages, hours, or other conditions of employment, they may agree to mediation or arbitration.

To the extent that a higher wage causes labor to become less productive, the demand for labor decreases, thus offsetting the unemployment effects caused by the minimum wage.

Under the provisions of a(n) ______ shop, Ace Manufacturing can hire nonunion workers provided that they join a union within a specified period of time.

Since 1970, the number of union employees in the U.S. has

Scarcity and Choice

Market Transactions: Demand and Supply Analysis

Demand and Supply Applications

Production and the Costs of Production

Competition and Monopoly: Virtues and Vices

Imperfect Competition

Government and Markets

The Mixed Economy of the United States

Gross Domestic Product and Economic Growth

The Business Cycle, Unemployment, and Inflation

Macroeconomic Instability: Aggregate Demand and Aggregate Supply

Fiscal Policy and the Federal Budget

Money and the Banking System

The Federal Reserve and Monetary Policy

The United States and the Global Economy

International Finance

Economic Systems and Developing Countries

Filters

Figure 8.1 The Market for Horse Groomers -Refer to Figure 8.1. The change in labor demand from D₀to D₁ could have been caused by