Question 1

The Taft-Hartley Act made all of the following illegal EXCEPT

Accepted Answer

A)  jurisdictional disputes.
B)  the Congress of Industrial Organizations.
C)  make-to-work laws.
D)  closed shops.E) None of the above
F) B) and C)

Question 2

In an analytical sense, unions can be thought of as

Accepted Answer

A)  setters of minimum wages.
B)  monopoly buyers of workers.
C)  generators of inflation.
D)  monopsonies.E) None of the above
F) A) and C)

Question 3

Which of the following is legal under the Taft-Hartley Act?

Accepted Answer

A)  Closed shops
B)  Collective bargaining
C)  Secondary boycotts
D)  Sympathy strikesE) A) and C)
F) None of the above

Question 4

Under monopsony, marginal factor cost

Accepted Answer

A)  is downward sloping.
B)  is less than the wage rate, although it increases as more workers are hired.
C)  equals the wage rate.
D)  is greater than the going wage rate.E) A) and B)
F) A) and C)

Question 5

The first type of labor unions that emerged in the United States were

Accepted Answer

A)  industrial unions.
B)  craft unions.
C)  professional unions.
D)  transportation unions.E) B) and D)
F) A) and B)

Question 6

Which is NOT one of the potential benefits of labor unions?

Accepted Answer

A)  Unionism raises social efficiency.
B)  Unions appear to reduce wage inequality.
C)  Unions may reduce a company's profits.
D)  Unions may have contributed to safer working conditions.E) B) and D)
F) A) and B)

Question 7

-In the above figure, what is the quantity of workers that would be hired by a monopsonist?

Accepted Answer

A)   
B)   
C)   
D)   E) A) and B)
F) None of the above

Question 8

A disagreement involving two or more unions over which should have control over a particular firm or industry is

Accepted Answer

A)  a closed shop.
B)  a union shop.
C)  a jurisdictional dispute.
D)  an industrial union.E) A) and B)
F) B) and D)

Question 9

Which of the following type of shops is unlawful under the provisions of the Taft-Hartley Act?

Accepted Answer

A)  union shops
B)  closed shops
C)  modified union shops
D)  open shopsE) All of the above
F) A) and C)

Question 10

Featherbedding refers to

Accepted Answer

A)  training programs initiated by the unions to make the less-skilled workers more productive.
B)  attempts by management to reduce workers' interest in a union.
C)  the practice that forces employers to use more labor than they would otherwise.
D)  the amount of the union premium.E) A) and C)
F) B) and D)

Question 11

Monopsonistic exploitation is

Accepted Answer

A)  measured by the area above the supply curve but below the wage paid.
B)  the difference between the marginal revenue product of a worker and the wage received by the worker.
C)  measured by the height of the supply curve of labor.
D)  the cost to society from unions.E) B) and C)
F) A) and D)

Question 12

When workers boycott a company because it does business with a firm whose employees are on strike, that is a

Accepted Answer

A)  secondary boycott.
B)  primary boycott.
C)  strike.
D)  sympathy strike.E) B) and D)
F) A) and B)

Question 13

-Use the above table. If the marginal revenue product is $10, how many workers will the profit maximizing monopsonist hire?

Accepted Answer

A)  1
B)  2
C)  3
D)  4E) A) and D)
F) A) and C)

Question 14

What can a union do in order to raise the wages of its members ?

Accepted Answer

A union can establish a wage rate above ...

Question 15

Which of the following correctly describes the trend in U.S. union membership?

Accepted Answer

A)  Union membership has been decreasing steadily since the 1930s.
B)  Union membership decreased from 1930 - 1960, but has been increasing steadily since.
C)  Union membership peaked in the 1960s and has been decreasing steadily since.
D)  Union membership declined until the 1980s, but has been increasing steadily since.E) B) and C)
F) A) and D)

Question 16

A union is striking a steel company, and then, to put more pressure on the steel company, also promotes a boycott against an auto company that buys steel from the steel company. This latter action is

Accepted Answer

A)  a sympathy strike, and is illegal under the Taft-Hartley Act.
B)  a secondary boycott, and is legal under the Landrum-Griffin Act.
C)  a secondary boycott, and is illegal under the Taft-Hartley Act.
D)  a sympathy strike, and is legal under the Wagner Act.E) A) and D)
F) All of the above

Question 17

For the past several decades, union membership in the United States has been declining. What has been happening in the rest of the world?

Accepted Answer

A)  Union membership has been increasing in almost every other country.
B)  In almost every other nation, union membership has held constant.
C)  In most cases, union membership in other nations has also been falling.
D)  We do not know because other nations do not keep these statistics.E) B) and C)
F) None of the above

Question 18

Unions can increase labor productivity by

Accepted Answer

A)  maximizing the number of workers in the union.
B)  reducing the supply of workers over time.
C)  reducing conflicts between workers and management.
D)  reducing the quantity of poorly made imports into the country.E) A) and B)
F) B) and D)

Question 19

Which of the following is FALSE regarding bilateral monopoly?

Accepted Answer

A)  Bilateral monopoly is a market structure consisting of a monopolist and a monopsonist.
B)  Bilateral monopoly is defined as a market structure in which a single buyer faces a single seller.
C)  An example of bilateral monopoly is a state education employer facing a single teachers' union in the labor market.
D)  The price outcome is easily determined.E) None of the above
F) B) and C)

Question 20

Which of the following has been the largest organized group of U.S. unions during the past 50 years?

Accepted Answer

A)  AFL-CIO
B)  AFL
C)  CIO
D)  Change to WinE) A) and D)
F) B) and C)

Exam 29: Unions and Labor Market Monopoly Power

Which of the following is legal under the Taft-Hartley Act?

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The Taft-Hartley Act made all of the following illegal EXCEPT

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The first type of labor unions that emerged in the United States were

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Which of the following has been the largest organized group of U.S. unions during the past 50 years?

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Featherbedding refers to

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-In the above figure, what is the quantity of workers that would be hired by a monopsonist?

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What can a union do in order to raise the wages of its members ?

Correct AnswerverifiedA union can establish a wage rate above ...View AnswerShow Answer

Under monopsony, marginal factor cost

Correct AnswerverifiedShow Answer

In an analytical sense, unions can be thought of as

Correct AnswerverifiedShow Answer

Which of the following type of shops is unlawful under the provisions of the Taft-Hartley Act?

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Which is NOT one of the potential benefits of labor unions?

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A disagreement involving two or more unions over which should have control over a particular firm or industry is

Correct AnswerverifiedShow Answer

Which of the following correctly describes the trend in U.S. union membership?

Correct AnswerverifiedShow Answer

When workers boycott a company because it does business with a firm whose employees are on strike, that is a

Correct AnswerverifiedShow Answer

For the past several decades, union membership in the United States has been declining. What has been happening in the rest of the world?

Correct AnswerverifiedShow Answer

-Use the above table. If the marginal revenue product is $10, how many workers will the profit maximizing monopsonist hire?

Correct AnswerverifiedShow Answer

Which of the following is FALSE regarding bilateral monopoly?

Correct AnswerverifiedShow Answer

Monopsonistic exploitation is

Correct AnswerverifiedShow Answer

A union is striking a steel company, and then, to put more pressure on the steel company, also promotes a boycott against an auto company that buys steel from the steel company. This latter action is

Correct AnswerverifiedShow Answer

Unions can increase labor productivity by

Correct AnswerverifiedShow Answer

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A union can establish a wage rate above ...
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