Question 1

Which of the following established unfair labor practices by employers?

Accepted Answer

A) Norris-LaGuardia Act 
B) Taft-Hartley Act 
C) Wagner Act 
D) Landrum-Griffin Act 
A) Norris-LaGuardia Act 
B) Taft-Hartley Act 
C) Wagner Act 
D) Landrum-Griffin Act

Question 2

Question  refers to the following diagram:
 
-The increase in economic rent shown in the diagram is consistent with:

Accepted Answer

A) setting a limit on the number of licensed employees in this occupation 
B) imposing a tariff on similar products produced by foreigners 
C) imposing a quota on similar products produced by foreigners 
D) imposing a requirement that all future employees in this occupation obtain an advanced degree 
A) setting a limit on the number of licensed employees in this occupation 
B) imposing a tariff on similar products produced by foreigners 
C) imposing a quota on similar products produced by foreigners 
D) imposing a requirement that all future employees in this occupation obtain an advanced degree

Question 3

refer to the following diagram.  MCs is the firm’s marginal cost of providing safety, while MBs is the marginal benefit to society of a one more unit of safety.  Because of imperfect information and costly worker mobility, MBs’ is the firm’s perceived marginal benefit of safety. 
-The MCs curve is upward sloping because:

Accepted Answer

A) firms initially use relatively low-cost techniques to improve worker safety 
B) workers' marginal utility of safety is increasing 
C) wages must be increased the more safety is increased 
D) more safety allows the firm to pay lower wages,which makes it harder and more costly to recruit workers 
A) firms initially use relatively low-cost techniques to improve worker safety 
B) workers' marginal utility of safety is increasing 
C) wages must be increased the more safety is increased 
D) more safety allows the firm to pay lower wages,which makes it harder and more costly to recruit workers

Question 4

"Yellow-dog contracts":

Accepted Answer

A) were used by employers to restrict union membership 
B) require workers to join a union as a condition of continued employment 
C) were upheld by the Taft-Hartley Act 
D) were outlawed by the Landrum-Griffin Act 
A) were used by employers to restrict union membership 
B) require workers to join a union as a condition of continued employment 
C) were upheld by the Taft-Hartley Act 
D) were outlawed by the Landrum-Griffin Act

Question 5

According to the Wagner Act,which of the following is not an unfair labor practice by employers?

Accepted Answer

A) Firing an employee who joins or sympathizes with a union 
B) Establishing a company union 
C) Interfering with union organizing activity 
D) Failing to reach a collective bargaining agreement after bargaining in good faith 
A) Firing an employee who joins or sympathizes with a union 
B) Establishing a company union 
C) Interfering with union organizing activity 
D) Failing to reach a collective bargaining agreement after bargaining in good faith

Question 6

According to the Taft-Hartley Act,which of the following is not an unfair labor practice by unions?

Accepted Answer

A) Striking a company over a jurisdictional dispute with another union 
B) Striking a company as a means of trying to obtain a collective bargaining agreement with that firm 
C) Striking a company to show sympathy for another union in obtaining employer recognition 
D) Setting excessive union dues 
A) Striking a company over a jurisdictional dispute with another union 
B) Striking a company as a means of trying to obtain a collective bargaining agreement with that firm 
C) Striking a company to show sympathy for another union in obtaining employer recognition 
D) Setting excessive union dues

Question 7

Which one of the following claims concerning the minimum wage is generally supported by empirical evidence?

Accepted Answer

A) The minimum wage has only a minor impact on the overall degree of income inequality 
B) The minimum wage has increased teenage employment as a result of the shock effect 
C) Union members suffer the greatest negative impacts of the minimum wage 
D) The reduction in teen employment due to the minimum wage is less than the increase in unemployment 
A) The minimum wage has only a minor impact on the overall degree of income inequality 
B) The minimum wage has increased teenage employment as a result of the shock effect 
C) Union members suffer the greatest negative impacts of the minimum wage 
D) The reduction in teen employment due to the minimum wage is less than the increase in unemployment

Question 8

Prior to the 1930s,union membership growth was relatively:

Accepted Answer

A) slow,due to the use of blacklisting,injunctions,and yellow dog contracts 
B) slow,due to the widespread use of lockouts and strikebreakers authorized under the Norris-LaGuardia act 
C) rapid,due to the favorable court treatment of union activity provided by passage of the Sherman Act of 1890 
D) rapid,due to favorable court interpretations concerning workers' property rights 
A) slow,due to the use of blacklisting,injunctions,and yellow dog contracts 
B) slow,due to the widespread use of lockouts and strikebreakers authorized under the Norris-LaGuardia act 
C) rapid,due to the favorable court treatment of union activity provided by passage of the Sherman Act of 1890 
D) rapid,due to favorable court interpretations concerning workers' property rights

Question 9

refer to the following  
-Suppose this firm is a perfectly discriminating monopsonist.If W* is imposed as the minimum wage,then:

Accepted Answer

A) employment will rise from Q1 to Q2 
B) employment will fall from Q3 to Q1 
C) employment will fall from Q3 to Q2 
D) employment will be unaffected 
A) employment will rise from Q1 to Q2 
B) employment will fall from Q3 to Q1 
C) employment will fall from Q3 to Q2 
D) employment will be unaffected

Question 10

Public sector union growth was most encouraged by:

Accepted Answer

A) the Wagner Act 
B) the Taft-Hartley Act 
C) The Landrum-Griffin Act 
D) a series of executive orders and state laws recognizing the rights of public sector workers to organize 
A) the Wagner Act 
B) the Taft-Hartley Act 
C) The Landrum-Griffin Act 
D) a series of executive orders and state laws recognizing the rights of public sector workers to organize

Question 11

Answer questions  based on the following table, in which MBs and MCs are the marginal benefit and marginal cost of safety, respectively.  Ps is the probability that a worker will not suffer an injury on the job during a one year period, and is thus a measure of job safety.

$\begin{array}{l}
\begin{array}{l}
\underline{P}_{s} \
.65 \
.70 \
.75 \
.80 \
.85 \
.90 \
.95
\end{array}
\begin{array}{c}
\underline{MB}_{s}\
{25} \
22 \
19 \
16 \
13 \
10 \
7
\end{array}
\begin{array}{c}
\underline{MC}_{s}\
8\
10 \
12 \
14 \
16 \
18 \
20
\end{array}
\end{array}$
-The profit-maximizing level of job safety is a probability level of:

Accepted Answer

A) 0.65 
B) 0.75 
C) 0.80 
D) 0.85 
A) 0.65 
B) 0.75 
C) 0.80 
D) 0.85

Question 12

Which of the following best describes the amount of job safety?

Accepted Answer

A) Firms have no incentive to provide a safe environment,so there is too little safety 
B) Only unionized firms can negotiate for a safe environment,so they have safe jobs while nonunion workers must work in unsafe environments 
C) Firms have some incentive to provide safety,but imperfect information and labor immobility cause safety to be over-provided 
D) Firms have some incentive to provide safety,but imperfect information and labor immobility cause safety to be under-provided 
A) Firms have no incentive to provide a safe environment,so there is too little safety 
B) Only unionized firms can negotiate for a safe environment,so they have safe jobs while nonunion workers must work in unsafe environments 
C) Firms have some incentive to provide safety,but imperfect information and labor immobility cause safety to be over-provided 
D) Firms have some incentive to provide safety,but imperfect information and labor immobility cause safety to be under-provided

Question 13

Examining evidence on the impacts of increases in state minimum wages in New Jersey and California,Card and Krueger found:

Accepted Answer

A) substantial reductions in employment,particularly among teens 
B) no increases in wages of low-wage workers,because employers flouted the law 
C) no evidence of reductions in employment 
D) poor quality of the data collected by Neumark and Wascher 
A) substantial reductions in employment,particularly among teens 
B) no increases in wages of low-wage workers,because employers flouted the law 
C) no evidence of reductions in employment 
D) poor quality of the data collected by Neumark and Wascher

Question 14

A majority of the workers earning the minimum wage:

Accepted Answer

A) are males 
B) are females 
C) work full-time 
D) are teenagers 
A) are males 
B) are females 
C) work full-time 
D) are teenagers

Question 15

A court order to prevent actions such as picketing,striking,and boycotting is called a(n):

Accepted Answer

A) yellow-dog contract 
B) blacklist 
C) lockout 
D) injunction 
A) yellow-dog contract 
B) blacklist 
C) lockout 
D) injunction

Question 16

refer to the diagram below, which shows a competitive low-wage labor market:

-Consider the diagram.Suppose the government establishes a minimum wage of $7.00 in this market.If all displaced workers subsequently contribute an amount equal to their next most productive employment,the net loss of domestic output is:

Accepted Answer

A) $17.50 
B) $40 
C) $50 
D) $75 
A) $17.50 
B) $40 
C) $50 
D) $75

Question 17

Which of the following outlawed company unions?

Accepted Answer

A) Fair Labor Standards Act 
B) Wagner Act 
C) Taft-Hartley Act 
D) Landrum-Griffin Act 
A) Fair Labor Standards Act 
B) Wagner Act 
C) Taft-Hartley Act 
D) Landrum-Griffin Act

Question 18

refer to the following diagram.  MCs is the firm’s marginal cost of providing safety, while MBs is the marginal benefit to society of a one more unit of safety.  Because of imperfect information and costly worker mobility, MBs’ is the firm’s perceived marginal benefit of safety. 
-From society's standpoint,the optimal level of safety is:

Accepted Answer

A) 0 
B) Qs' 
C) Qs 
D) Q* 
A) 0 
B) Qs' 
C) Qs 
D) Q*

Question 19

Answer questions  based on the following table, in which MBs and MCs are the marginal benefit and marginal cost of safety, respectively.  Ps is the probability that a worker will not suffer an injury on the job during a one year period, and is thus a measure of job safety.

$\begin{array}{l}
\begin{array}{l}
\underline{P}_{s} \
.65 \
.70 \
.75 \
.80 \
.85 \
.90 \
.95
\end{array}
\begin{array}{c}
\underline{MB}_{s}\
{25} \
22 \
19 \
16 \
13 \
10 \
7
\end{array}
\begin{array}{c}
\underline{MC}_{s}\
8\
10 \
12 \
14 \
16 \
18 \
20
\end{array}
\end{array}$
-If workers underestimate the actual amount of risk associated with the job because of imperfect information,the values in the:

Accepted Answer

A) MBs column will understate the true marginal benefit and the profit-maximizing level of job safety will be less than the optimal level 
B) MBs column will overstate the true marginal benefit and profit-maximizing level of job safety will exceed the optimal level 
C) MCs column will overstate the true marginal cost and the profit-maximizing level of job safety will exceed the optimal level 
D) MCs column will understate the true marginal cost and the profit-maximizing level of job safety will exceed the optimal level 
A) MBs column will understate the true marginal benefit and the profit-maximizing level of job safety will be less than the optimal level 
B) MBs column will overstate the true marginal benefit and profit-maximizing level of job safety will exceed the optimal level 
C) MCs column will overstate the true marginal cost and the profit-maximizing level of job safety will exceed the optimal level 
D) MCs column will understate the true marginal cost and the profit-maximizing level of job safety will exceed the optimal level

Question 20

The federally mandated minimum wage:

Accepted Answer

A) is adjusted each year by an act of Congress to account for inflation 
B) typically falls in value owing to inflation until periodically adjusted by Congress 
C) is adjusted automatically whenever its inflation-adjusted value falls below its original value established in 1938 
D) is substantially below its original 1938 value in real terms because of the effect of inflation 
A) is adjusted each year by an act of Congress to account for inflation 
B) typically falls in value owing to inflation until periodically adjusted by Congress 
C) is adjusted automatically whenever its inflation-adjusted value falls below its original value established in 1938 
D) is substantially below its original 1938 value in real terms because of the effect of inflation

Which of the following established unfair labor practices by employers?

Question refers to the following diagram: -The increase in economic rent shown in the diagram is consistent with:

"Yellow-dog contracts":

According to the Wagner Act,which of the following is not an unfair labor practice by employers?

According to the Taft-Hartley Act,which of the following is not an unfair labor practice by unions?

Which one of the following claims concerning the minimum wage is generally supported by empirical evidence?

Prior to the 1930s,union membership growth was relatively:

refer to the following diagram -Suppose this firm is a perfectly discriminating monopsonist.If W* is imposed as the minimum wage,then:

Public sector union growth was most encouraged by:

Which of the following best describes the amount of job safety?

Examining evidence on the impacts of increases in state minimum wages in New Jersey and California,Card and Krueger found:

A majority of the workers earning the minimum wage:

A court order to prevent actions such as picketing,striking,and boycotting is called a(n):

Which of the following outlawed company unions?

The federally mandated minimum wage:

Labor Economics: Introduction and Overview

The Theory of Individual Labor Supply

Population, Participation Rates, and Hours of Work

Labor Quality: Investing in Human Capital

The Demand for Labor

Wage Determination and the Allocation of Labor

Alternative Pay Schemes and Labor Efficiency

The Wage Structure

Mobility,Migration,and Efficiency

Labor Unions and Collective Bargaining

The Economic Impact of Unions

Government and the Labor Market: Employment, Expenditures, and Taxation

Labor Market Discrimination

Job Search: External and Internal

The Distribution of Personal Earnings

Labor Productivity: Wages,Prices,and Employment

Employment and Unemployment

Filters

Exam 13: Government and the Labor Market: Legislation and Regulation

Which of the following established unfair labor practices by employers?

Question refers to the following diagram: -The increase in economic rent shown in the diagram is consistent with:

"Yellow-dog contracts":

According to the Wagner Act,which of the following is not an unfair labor practice by employers?

According to the Taft-Hartley Act,which of the following is not an unfair labor practice by unions?

Which one of the following claims concerning the minimum wage is generally supported by empirical evidence?

Prior to the 1930s,union membership growth was relatively:

refer to the following diagram -Suppose this firm is a perfectly discriminating monopsonist.If W* is imposed as the minimum wage,then:

Public sector union growth was most encouraged by:

Which of the following best describes the amount of job safety?

Examining evidence on the impacts of increases in state minimum wages in New Jersey and California,Card and Krueger found:

A majority of the workers earning the minimum wage:

A court order to prevent actions such as picketing,striking,and boycotting is called a(n):

Which of the following outlawed company unions?

The federally mandated minimum wage:

Labor Economics: Introduction and Overview

The Theory of Individual Labor Supply

Population, Participation Rates, and Hours of Work

Labor Quality: Investing in Human Capital

The Demand for Labor

Wage Determination and the Allocation of Labor

Alternative Pay Schemes and Labor Efficiency

The Wage Structure

Mobility,Migration,and Efficiency

Labor Unions and Collective Bargaining

The Economic Impact of Unions

Government and the Labor Market: Employment, Expenditures, and Taxation

Labor Market Discrimination

Job Search: External and Internal

The Distribution of Personal Earnings

Labor Productivity: Wages,Prices,and Employment

Employment and Unemployment

Filters