Question

The first federal legislation to exempt unions from the antitrust laws was the

Select one:

a. Clayton Antitrust Act.

b. Sherman Antitrust Act.

c. Taft-Hartley Act.

d. Interstate Commerce Act.

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The National Labor Relations Act

Select one:

a. established the right of unions to collective bargaining.

b. prevented courts from issuing injunctions against unions engaged in peaceful strikes.

c. established a federal minimum wage.

d. made it illegal to prosecute unions under the Sherman Antitrust Act.

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The theory that wages are based on the supply and demand for a workers skills is the

Select one:

a. theory of negotiated wages.

b. market theory of wage determination.

c. seniority theory.

d. signaling theory.

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When labor and management ask a third party to collect information about a dispute and present nonbinding recommendations, they are using

Select one:

a. collective bargaining.

b. mediation.

c. fact-finding.

d. arbitration.

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Which of the following prohibits wage and salary discrimination for jobs that require equivalent skills and responsibilities?

Select one:

a. Sherman Antitrust Act

b. Equal Pay Act

c. Taft-Hartley Act

d. Fair Labor Standards Act

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Which of the following statements about the minimum wage is accurate?

Select one:

a. The first minimum wage was set at $0.50/hour in 1950.

b. The minimum wage remained the same from 1998 through 2006.

c. When adjusted for inflation, the minimum wage had the most purchasing power in 1988.

d. When expressed as a percentage of the average manufacturing wage, the minimum wage reached its peak in 1988.