Question 1

The current percentage of the private work force represented by unions is approximately

Accepted Answer

A) 30%. 
B) 20%. 
C) 10%. 
D) 7%. 
A) 30%. 
B) 20%. 
C) 10%. 
D) 7%.

Question 2

To the degree that the IBEW ensures that through its rigorous training requirements for prospective electricians are qualified to do the work, it is

Accepted Answer

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

Question 3

Figure 45.4
-In Figure 45.4, it is clearly the case that

Accepted Answer

A) the total amount paid to workers depends upon the elasticity of labor demand. 
B) the total amount of labor employed is less under perfect competition than unionization. 
C) every individual worker is better off under perfect competition than unionization. 
D) every individual worker is better off under unionization than perfect competition. 
A) the total amount paid to workers depends upon the elasticity of labor demand. 
B) the total amount of labor employed is less under perfect competition than unionization. 
C) every individual worker is better off under perfect competition than unionization. 
D) every individual worker is better off under unionization than perfect competition.

Question 4

Figure 45.4
-In Figure 45.4, it is clearly the case that

Accepted Answer

A) the total amount paid to workers is greater under perfect competition than unionization. 
B) the total amount of labor employed is greater under perfect competition than unionization. 
C) every individual worker is better off under perfect competition than unionization. 
D) every individual worker is better off under unionization than perfect competition. 
A) the total amount paid to workers is greater under perfect competition than unionization. 
B) the total amount of labor employed is greater under perfect competition than unionization. 
C) every individual worker is better off under perfect competition than unionization. 
D) every individual worker is better off under unionization than perfect competition.

Question 5

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

Accepted Answer

A) will cause you to believe that more people will be hired than there will be. 
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) will cause you to believe that more people will be hired than there will be. 
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 6

Which of the following explains why public employees (more frequently than private employees)tend be in defined benefit 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.

Exam 45: Unions

The current percentage of the private work force represented by unions is approximately

To the degree that the IBEW ensures that through its rigorous training requirements for prospective electricians are qualified to do the work, it is

Figure 45.4 -In Figure 45.4, it is clearly the case that

Figure 45.4 -In Figure 45.4, it is clearly the case that

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

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

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

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