Econ Unit 3 Review

How have right-to-work laws affected union membership?

• They have decreased union membership.
  
• They have kept membership rates steady.
  
• They have had no effect on union membership.
  
• They have increased union membership.
  

Emily has been waiting for a promotion to a management position for almost five years. She notices that men fill most of the higher-level jobs in her company. She suspects she is not being promoted because she is female. What term describes this?

• low productivity
  
• skilled labor
  
• glass ceiling
  

What is one of the most important goals of a labor union?

• to improve wages and benefits
  
• to get white-collar workers to join
  
• to help workers find better jobs
  
• to help workers get more education
  

What is generally the difference between blue- and white-collar workers?

• Blue-collar workers have industrial jobs; white-collar workers have professional or clerical jobs.
  
• Blue-collar workers earn a salary; white-collar workers receive regular wages.
  
• Blue-collar workers receive low pay; white-collar workers receive high pay.
  

What is the purpose of the Equal Pay Act of 1963?

• to prevent women from being paid less than men for the same job
  
• to prevent employers from discriminating against minorities
  
• to require employers to pay overtime if someone works more 40 hours per week
  

What is one action an employer can take to lower wage levels?

• Hire workers with more experience.
  
• Stop wage discrimination.
  
• Replace some workers with machines.
  
• Hire workers with more experience.
  

Which of the following people is counted as part of the labor force?

• a stay-at-home parent who does not work outside the home
  
• a 15-year-old high school student who works as a camp counselor
  
• a retired school teacher who does volunteer tutoring
  
• a full-time college student who also works 10 hours a week
  

Why are U.S. firms moving manufacturing jobs overseas?

• Transportation is cheaper overseas.
  
• Labor costs less overseas.
  
• More skilled workers are available overseas.
  
• Goods are transported overseas when they are finished.
  

Good Wireless and Better Wireless merge to form Best Wireless. What issue would the federal government be most concerned about in this horizontal merger?

• increased taxes
  
• reduced profits
  
• increased output
  
• reduced competition
  

You want to start a new business in the simplest, cheapest, and fastest way possible. You should establish your business as a

• partnership.
  
• corporation.
  
• cooperative.
  
• sole proprietorship.