If a labor union specifies that certain jobs can only be done by certain people (for examp

If a labor union specifies that certain jobs can only be done by certain people (for example, only electricians can do electrical work), it is likely trying to

a.affect the elasticity of demand for its labor.

b.reduce the availability of substitute factors for its labor.

c.increase the marginal physical product of its members.

d.a and b

e.none of the above

 

 

 

84.A labor union undertakes a training program for its members. The objective of the training program is to

a.increase substitute factor prices.

b.increase the marginal physical product of its members and therefore increase the demand for their services.

c.reduce the availability of substitutes for the product it produces.

d.lower the supply of its labor.

e.none of the above

 

 

 

85.A "closed shop" is

a.an organization in which a worker is not required to be a member of the union to be hired, but must become a member within a certain period of time after being employed.

b.an organization in which an employee must belong to the union before he or she can be hired.

c.an organization of domestic firms that is closed to foreign firms.

d.a political organization that seeks to raise tariffs on foreign-produced goods imported into the United States.

e.none of the above

 

 

 

86.The Taft-Hartley Act allowed states the right to

a.check into the past of prospective employees before they were hired.

b.prosecute labor union bosses who did not obey the labor practices deemed reasonable by state authorities.

c.pass right-to-work laws.

d.b and c

e.none of the above

 

 

 

87.The right-to-work law specifies that

a.everyone in the country has a right to work at a decent wage.

b.every worker has a right to a two-week paid vacation.

c.everyone in the country has a right to work, although it does not specify at any particular wage.

d.every worker has a right to require his employer to give him 30 days notice before terminating employment.

e.it is illegal to require union membership for purposes of employment.

 

 

 

88.An American labor union worker has a picket sign that reads "Say No to Tokyo, Buy American." Most likely, the worker is trying to

a.increase the price of substitute factors.

b.decrease the price of substitute factors.

c.increase demand for the product he or she produces.

d.increase his marginal physical product.

e.increase the availability of substitutes for the product he or she produces.

 

 

 

89.In collective bargaining, a labor union

a.discusses the job description of each member with the firm the member is employed by.

b.bargains with management on behalf of all its members.

c.usually tries to get each of its members to join a training program that can increase his or her productivity.

d.b and c

e.a, b, and c

 

 

 

90.Successful collective bargaining (on the part of a labor union) will

a.increase the demand for labor.

b.decrease the demand for labor.

c.change the marginal physical product of labor.

d.a and c

e.none of the above

 

 

 

91.The general and likely purpose of a (labor) strike is to convince management that

a.the supply curve of labor is what the union says it is.

b.the demand curve (for the product they sell) is what the union says it is.

c.workers have a higher marginal physical product than the management think they (the workers) have.

d.it is not in their best interest to raise the prices of the product they sell.

e.none of the above

 

 

 

92.Some economists refer to a monopsony as a

a.factor price taker.

b.factor buyer.

c.buyer's monopoly.

d.single-price monopolist.

e.Economists don't refer to a monopsony as anything other than a monopsony.