Question 1

The first labor-friendly law that allowed unions to organize labor and collectively bargain was

Accepted Answer

A) The Clayton Act. 
B) The Norris-LaGuardia Act. 
C) The National Industrial Recovery Act. 
D) The Wagner Act. 
A) The Clayton Act. 
B) The Norris-LaGuardia Act. 
C) The National Industrial Recovery Act. 
D) The Wagner Act.

Question 2

Which of the following explains why private employees (more frequently than public employees)tend be in defined contribution programs?

Accepted Answer

A) They tend to begin and end their career with the same employer. 
B) They tend to move from employer to employer. 
C) They tend to fall for Ponzi schemes. 
D) They have well-funded private savings plans. 
A) They tend to begin and end their career with the same employer. 
B) They tend to move from employer to employer. 
C) They tend to fall for Ponzi schemes. 
D) They have well-funded private savings plans.

Question 3

Figure 45.2
-In Figure 45.2, at the one-employer "company town solution", the number of workers hired will be

Accepted Answer

A) L' 
B) L* 
C) less than L' 
D) between L' and L* 
A) L' 
B) L* 
C) less than L' 
D) between L' and L*

Question 4

Figure 45.1
-In Figure 45.1, the profit that employers make from the work of their employees at the equilibrium wage-labor combination is `

Accepted Answer

A) OACL* 
B) W*AC 
C) BW*C 
D) ABC 
A) OACL* 
B) W*AC 
C) BW*C 
D) ABC

Question 5

Firefighters and other municipal employees can have a key advantage when unionizing because

Accepted Answer

A) municipal employers tend to be much less inexperienced negotiators. 
B) municipal employees such as firefighters tend to be much more aggressive negotiators. 
C) municipal employers, unlike private-sector employers, are always strongly pro-union. 
D) municipal employers, unlike businesses, are unable to move to another state to avoid unionization. 
A) municipal employers tend to be much less inexperienced negotiators. 
B) municipal employees such as firefighters tend to be much more aggressive negotiators. 
C) municipal employers, unlike private-sector employers, are always strongly pro-union. 
D) municipal employers, unlike businesses, are unable to move to another state to avoid unionization.

Question 6

If there are powerful buyers in a labor market, the use of the supply and demand model to analyze labor markets

Accepted Answer

A) is inappropriate. 
B) is completely accurate. 
C) will cause you to believe the wage will be lower than it is. 
D) will cause you to believe that fewer people will be hired than there will be. 
A) is inappropriate. 
B) is completely accurate. 
C) will cause you to believe the wage will be lower than it is. 
D) will cause you to believe that fewer people will be hired than there will be.

Question 7

When the number of workers hired deviates from the perfectly competitive level, economists see that the

Accepted Answer

A) gain to workers is always outweighed by the loss to employers. 
B) gain to workers is always less than the loss to employers. 
C) gain to the group that is helped is always greater than the loss to the group hurt. 
D) gain to the group that is helped is always less than the loss to the group hurt. 
A) gain to workers is always outweighed by the loss to employers. 
B) gain to workers is always less than the loss to employers. 
C) gain to the group that is helped is always greater than the loss to the group hurt. 
D) gain to the group that is helped is always less than the loss to the group hurt.

Question 8

The future of private sector labor unions is

Accepted Answer

A) bleak, because of growing pressure on U.S. manufacturers from foreign competition to control costs. 
B) bleak, because of the recent increases in the minimum wage earned by non-union workers. 
C) bright, because of rapid growth of maquiladoras on the Mexican side of the Rio Grande. 
D) bright, because of the surging college enrollment trends of recent U.S. high school graduates. 
A) bleak, because of growing pressure on U.S. manufacturers from foreign competition to control costs. 
B) bleak, because of the recent increases in the minimum wage earned by non-union workers. 
C) bright, because of rapid growth of maquiladoras on the Mexican side of the Rio Grande. 
D) bright, because of the surging college enrollment trends of recent U.S. high school graduates.

Question 9

The number of workers represented by unions has

Accepted Answer

A) decreased. 
B) increased. 
C) stay roughly the same. 
D) represented an ever-larger fraction of the shrinking U.S. labor force. 
A) decreased. 
B) increased. 
C) stay roughly the same. 
D) represented an ever-larger fraction of the shrinking U.S. labor force.

Question 10

The use of the supply and demand model to analyze labor markets implicitly assumes that there

Accepted Answer

A) are many buyers and sellers of labor. 
B) is one buyer of labor. 
C) is one seller of labor. 
D) is one buyer and one seller of labor. 
A) are many buyers and sellers of labor. 
B) is one buyer of labor. 
C) is one seller of labor. 
D) is one buyer and one seller of labor.

Question 11

Which of the following granted collective bargaining rights to Federal government workers?

Accepted Answer

A) The Taft-Hartley Act 
B) The Norris-LaGuardia Act 
C) The National Industrial Recovery Act 
D) An executive order of President Kennedy 
A) The Taft-Hartley Act 
B) The Norris-LaGuardia Act 
C) The National Industrial Recovery Act 
D) An executive order of President Kennedy

Question 12

A labor system whereby a limited number of workers can be certified to work in a particular field but are of higher ability because of the training necessary for certification will cause

Accepted Answer

A) the demand for these workers to decrease. 
B) the wage paid to these workers to decrease. 
C) the supply for these workers to decrease. 
D) the supply curve for these workers to become horizontal at some point. 
A) the demand for these workers to decrease. 
B) the wage paid to these workers to decrease. 
C) the supply for these workers to decrease. 
D) the supply curve for these workers to become horizontal at some point.

Question 13

Public employees (more frequently than private employees)tend

Accepted Answer

A) to begin and end their career with the same employer. 
B) participate in defined contribution programs. 
C) fall for Ponzi schemes. 
D) have well-funded private savings plans. 
A) to begin and end their career with the same employer. 
B) participate in defined contribution programs. 
C) fall for Ponzi schemes. 
D) have well-funded private savings plans.

Question 14

If there are powerful unions in a labor market, the use of the supply and demand model to analyze labor markets

Accepted Answer

A) is inappropriate. 
B) is completely accurate. 
C) will cause you to believe the wage will be lower than it is. 
D) will cause you to believe that fewer people will be hired than there will be. 
A) is inappropriate. 
B) is completely accurate. 
C) will cause you to believe the wage will be lower than it is. 
D) will cause you to believe that fewer people will be hired than there will be.

Question 15

Since the 1970s, the percentage or all workers represented by unions has

Accepted Answer

A) decreased. 
B) increased. 
C) stayed the same. 
D) represented an ever-larger fraction of the shrinking U.S. labor force. 
A) decreased. 
B) increased. 
C) stayed the same. 
D) represented an ever-larger fraction of the shrinking U.S. labor force.

Question 16

The current percentage of the government workers represented by unions is approximately

Accepted Answer

A) 35%. 
B) 25%. 
C) 15%. 
D) 5%. 
A) 35%. 
B) 25%. 
C) 15%. 
D) 5%.

Question 17

To the degree that the American Medical Association constraints the number of new spots that are available in the nation's medical schools, it is

Accepted Answer

A) shifting the demand for physicians to the right. 
B) shifting the supply of physicians to the right. 
C) shifting the demand for physicians to the left. 
D) kinking the supply of physicians to make it vertical at the level of the constraint. 
A) shifting the demand for physicians to the right. 
B) shifting the supply of physicians to the right. 
C) shifting the demand for physicians to the left. 
D) kinking the supply of physicians to make it vertical at the level of the constraint.

Question 18

The Clayton Act was

Accepted Answer

A) declared unconstitutional by the United States Supreme Court. 
B) repealed by the next Congress. 
C) vetoed by President Wilson. 
D) eviscerated by President George W. Bush. 
A) declared unconstitutional by the United States Supreme Court. 
B) repealed by the next Congress. 
C) vetoed by President Wilson. 
D) eviscerated by President George W. Bush.

Question 19

Figure 45.5
-In Figure 45.5, where one union is bargaining against one employer, the highest possible negotiated wage paid to workers will be

Accepted Answer

A) W*. 
B) W1. 
C) W2. 
D) an undetermined point between W1 and W2. 
A) W*. 
B) W1. 
C) W2. 
D) an undetermined point between W1 and W2.

Question 20

To the degree that the Plumbers and Steamfitters union conducts costly training and apprentice requirements for prospective electricians, it is

Accepted Answer

A) shifting the supply of plumbers to the left. 
B) shifting the supply of plumbers to the right. 
C) shifting the demand for plumbers to the left. 
D) kinking the supply of plumbers to make it vertical at the level of the constraint. 
A) shifting the supply of plumbers to the left. 
B) shifting the supply of plumbers to the right. 
C) shifting the demand for plumbers to the left. 
D) kinking the supply of plumbers to make it vertical at the level of the constraint.

Exam 45: Unions

The first labor-friendly law that allowed unions to organize labor and collectively bargain was

Which of the following explains why private employees (more frequently than public employees)tend be in defined contribution programs?

Figure 45.2 -In Figure 45.2, at the one-employer "company town solution", the number of workers hired will be

Figure 45.1 -In Figure 45.1, the profit that employers make from the work of their employees at the equilibrium wage-labor combination is `

Firefighters and other municipal employees can have a key advantage when unionizing because

If there are powerful buyers in a labor market, the use of the supply and demand model to analyze labor markets

When the number of workers hired deviates from the perfectly competitive level, economists see that the

The future of private sector labor unions is

The number of workers represented by unions has

The use of the supply and demand model to analyze labor markets implicitly assumes that there

Which of the following granted collective bargaining rights to Federal government workers?

A labor system whereby a limited number of workers can be certified to work in a particular field but are of higher ability because of the training necessary for certification will cause

Public employees (more frequently than private employees)tend

If there are powerful unions in a labor market, the use of the supply and demand model to analyze labor markets

Since the 1970s, the percentage or all workers represented by unions has

The current percentage of the government workers represented by unions is approximately

To the degree that the American Medical Association constraints the number of new spots that are available in the nation's medical schools, it is

The Clayton Act was

Figure 45.5 -In Figure 45.5, where one union is bargaining against one employer, the highest possible negotiated wage paid to workers will be

To the degree that the Plumbers and Steamfitters union conducts costly training and apprentice requirements for prospective electricians, it is

Economics: the Study of Opportunity Cost

Supply and Demand

The Concept of Elasticity and Consumer and Producer Surplus

Firm Production, Cost, and Revenue

Perfect Competition, Monopoly, and Economic Versus Normal Profit

Every Macroeconomic Word You Ever Heard: Gross Domestic Product, Inflation, Unemployment, Recession, Depression

Interest Rates and Present Value

Aggregate Demand and Aggregate Supply

Fiscal Policy

Monetary Policy

Federal Spending

Federal Deficits, Surpluses, and the National Debt

The Housing Bubble

The Recession of 2007-2009: Causes and Policy Responses

Is Economic Stagnation the New Normal

Is the Fiscalsky Falling: An Examination of Unfunded Social Security, Medicare, and State and Local Pension Liabilities

International Trade: Does It Jeopardize American Jobs

International Finance and Exchange Rates

The European Debt Crisis

Economic Growth and Development

Nafta, Gatt, Wto: Are Trade Agreements Good for Us

The Line Between Legal and Illegal Goods

Natural Resources, the Environment, and Climate Change

Health Care

Government-Provided Health Insurance: Medicaid, Medicare, and the Child Health Insurance Program

The Economics of Prescription Drugs

So You Want to Be a Lawyer: Economics and the Law

The Economics of Crime

Antitrust

The Economics of Race and Discrimination

Income and Wealth Inequality

Farm Policy

Minimum Wage

Ticket Brokers and Ticket Scalping

Rent Control

Economics of K-12 Education

Economics of College and University Education

Poverty and Welfare

Head Start

Social Security

Personal Income Taxes

Energy Prices

If We Build It, Will They Come and Other Sports Questions

The Stock Market Crashes

Walmart: Always Low Prices and Low Wages- Always

The Economic Impact of Casino Gambling

The Economics of Terrorism

Filters