Question 1

If OSHA were to become increasingly effective in reducing workplace hazards,then:

Accepted Answer

A) firms' profits would be increased 
B) wage differentials between safe and hazardous jobs would diminish 
C) wage differentials between safe and hazardous jobs would increase 
D) employment in safe jobs would increase and employment in hazardous jobs would decrease 
A) firms' profits would be increased 
B) wage differentials between safe and hazardous jobs would diminish 
C) wage differentials between safe and hazardous jobs would increase 
D) employment in safe jobs would increase and employment in hazardous jobs would decrease

Question 2

"Living wage" laws:

Accepted Answer

A) apply minimum wage laws to workers who would not otherwise be covered by the federal minimum wage 
B) generally apply to employers who are under contract or receiving financial assistance from local government 
C) typically require covered employers to pay a wage more than three times the minimum wage 
D) have had negligible effects on employment or poverty status of covered employees 
A) apply minimum wage laws to workers who would not otherwise be covered by the federal minimum wage 
B) generally apply to employers who are under contract or receiving financial assistance from local government 
C) typically require covered employers to pay a wage more than three times the minimum wage 
D) have had negligible effects on employment or poverty status of covered employees

Question 3

Which of the following increased management's bargaining power?

Accepted Answer

A) Limiting the use of injunctions to enjoin a strike 
B) Limiting the use of "hot-cargo" clauses 
C) Limiting the use of "yellow-dog" contracts 
D) Creation of the National Labor Relations Review Board 
A) Limiting the use of injunctions to enjoin a strike 
B) Limiting the use of "hot-cargo" clauses 
C) Limiting the use of "yellow-dog" contracts 
D) Creation of the National Labor Relations Review Board

Question 4

Questions  refer to the following diagram.
  
-Suppose this represents the market for U.S.autoworkers.If the government were to pass legislation mandating that all vehicles sold in the U.S.contain at least 50% domestically produced or assembled components,then:

Accepted Answer

A) supply would shift to the right,reducing economic rent to U.S.autoworkers 
B) supply would shift to the left,reducing economic rent to U.S.autoworkers 
C) demand would shift to the right,reducing economic rent to U.S.autoworkers 
D) demand would shift to the right,increasing economic rent to U.S.autoworkers 
A) supply would shift to the right,reducing economic rent to U.S.autoworkers 
B) supply would shift to the left,reducing economic rent to U.S.autoworkers 
C) demand would shift to the right,reducing economic rent to U.S.autoworkers 
D) demand would shift to the right,increasing economic rent to U.S.autoworkers

Question 5

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.Which of the following is a true statement?

Accepted Answer

A) Demand is elastic over the relevant range,so that total wage income rises 
B) Demand is elastic over the relevant range,so that total wage income falls 
C) Demand is inelastic over the relevant range,so that total wage income rises 
D) Demand is inelastic over the relevant range,so that total wage income falls 
A) Demand is elastic over the relevant range,so that total wage income rises 
B) Demand is elastic over the relevant range,so that total wage income falls 
C) Demand is inelastic over the relevant range,so that total wage income rises 
D) Demand is inelastic over the relevant range,so that total wage income falls

Question 6

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 firm's profit-maximizing level of safety is:

Accepted Answer

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

Question 7

Which one of the following laws most dramatically increased union bargaining power?

Accepted Answer

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

Question 8

A monopsonist is currently paying its 1,000 workers $5.00 per hour.However,its marginal wage cost is $6.00 per hour.If the government sets a minimum wage of $5.50,then:

Accepted Answer

A) employment at this firm will rise 
B) employment at this firm will fall 
C) employment at this firm will be unaffected 
D) employment at this firm will rise but the firm's total wage bill will fall 
A) employment at this firm will rise 
B) employment at this firm will fall 
C) employment at this firm will be unaffected 
D) employment at this firm will rise but the firm's total wage bill will fall

Question 9

The "twin rights" of labor (self-organization and collective bargaining)were guaranteed by the:

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

If OSHA were to become increasingly effective in reducing workplace hazards,then:

"Living wage" laws:

Which of the following increased management's bargaining power?

Questions refer to the following diagram. -Suppose this represents the market for U.S.autoworkers.If the government were to pass legislation mandating that all vehicles sold in the U.S.contain at least 50% domestically produced or assembled components,then:

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.Which of the following is a true statement?

Which one of the following laws most dramatically increased union bargaining power?

A monopsonist is currently paying its 1,000 workers $5.00 per hour.However,its marginal wage cost is $6.00 per hour.If the government sets a minimum wage of $5.50,then:

The "twin rights" of labor (self-organization and collective bargaining)were guaranteed by the:

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

If OSHA were to become increasingly effective in reducing workplace hazards,then:

"Living wage" laws:

Which of the following increased management's bargaining power?

Questions refer to the following diagram. -Suppose this represents the market for U.S.autoworkers.If the government were to pass legislation mandating that all vehicles sold in the U.S.contain at least 50% domestically produced or assembled components,then:

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.Which of the following is a true statement?

Which one of the following laws most dramatically increased union bargaining power?

A monopsonist is currently paying its 1,000 workers $5.00 per hour.However,its marginal wage cost is $6.00 per hour.If the government sets a minimum wage of $5.50,then:

The "twin rights" of labor (self-organization and collective bargaining)were guaranteed by the:

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