Which of the following is a possible objective of labor unions?
a.employment for all union members
b.maximizing the total (union) wage bill
c.maximizing income for a limited number of union members
d.a and b
e.a, b, and c
2.If a union seeks to maximize the total wage bill received by its members, then it should negotiate the
a.highest possible wage rate.
b.wage rate at which all of its members are employed.
c.wage rate that maximizes the firm's profits.
d.wage rate at which the elasticity of demand for workers is 1.
e.wage rate at which the elasticity of demand for workers is at its highest.
3.If a union seeks to maximize the total wage bill received by its members, then it
a.should seek to establish the highest possible wage rate.
b.should seek to establish the lowest possible wage rate.
c.will find that this cannot be done under any circumstances.
d.none of the above
4.Unions generally call for __________ the barriers against foreign trade, as a way of __________ the elasticity of demand for union labor.
5.Unions often encourage the buying public to "look for the union label" primarily because
a.they feel that only U.S. and/or union-made goods are of high quality.
b.they feel that it is un-American to buy goods from foreign producers.
c.doing so may increase demand for the product they produce, which in turn may increase the wage rate paid to union employees.
d.they realize that Americans are too busy to take time to gather all the important information about a product and these labels are a way of informing the buying public that union-made goods are well made.
6.Labor unions generally favor
b.strict immigration laws.
c.increasing the minimum wage.
d.a and c
e.a, b, and c
7.Union training programs are meant to shift the __________ labor to the __________.
a.demand curve for; left
b.demand curve for; right
c.supply curve of; left
d.supply curve of; right
8.If union action leads to a rise in the relative price of factors that are substitutes for union labor,
a.the supply of union labor falls.
b.the quantity demanded of union labor falls.
c.the demand for union labor rises.
d.the supply of union labor rises.
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