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Economics
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20 Mar 2018

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_____ 18. Which of the following unions would fit into the C.I.O.?

a. Teachers union

b. Coal miners union

c. Doctor

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Related questions

Which is a reason why the union wage gap might underestimate the actual effect unions have on wages?

A. Non-union jobs will have excess labor available to them because firms will restrict entry into union jobs, and competition for this excess labor competes down the observed non-union wage.

B. Non-union firms may pay higher wages in order to prevent its workers from unionizing.

C. Unions typically attract the most productive workers to the application pool.

D. Unions target high-paying firms.

E. The union wage gap can be over-estimated, but never underestimated.

7. Unions and productivity In some industries, the labor productivity of union workers exceeds the labor productivity of nonunion workers.

Which of the following might help explain the higher productivity of union workers?

Check all that apply.

A. Higher union wage rates allow companies to attract more highly skilled workers.

B. Unions are always more efficient than firms at discerning which workers are highly skilled and which are not.

C. Because union wages exceed nonunion wages, employees may be encouraged to work harder.

D. Unions may provide information to companies about how to improve operations and eliminate problems in the work environment.

1. The percentage of the labor force that belongs to a union is known as the:

a) Union share ratio.

b) Unionization ratio.

c) Union participation ratio.

d) Unionized percentage ratio.

2. The equilibrium wage rate is determined by:

a) Individuals but not firms.

b) Market labor supply and market labor demand.

c) Labor unions.

d) Firms but not individuals.

3. The effect of union exclusion of non-union workers is to:

a) Increase the shortages of non-union workers.

b) Reduce the wages of non-union workers.

c) Increase the number of jobs for non-union workers.

d) Increase the surplus of union workers.

4. A market with one buyer and one seller is a:

a) Bilateral monopsony.

b) Multiopoly.

c) Bilateral monopoly.

d) Multilayer monopoly.

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