Economics Chapter 14

The percentage of workers belonging to a union is higher in the

If a for-profit firm that has paid out record bonuses to its executive every year while underfunding contributions to unionized workers' pensions required under the collective agreement then attempts to reduce workers' pension entitlements, the union members will most likely

Say the average increase in pay for non-union workers in 2011 is 2% across the U.S. If a workers' union successfully negotiates a 3-year collective agreement that provides a 4.5% raise in 2011, and a 4.3% raise in 2013, then the for-profit employer will typically

If the union has enough negotiating power to raise the annual salary by $20,000 more than a non- unionized university would be willing to pay, then there will be excess_____________________ of labor of _____________________ economics professors.

Which of the following is most likely to have a large union membership that experiences little import competition?

• A. telemarketing

• B. lawyers in the legal services sector

• C. the real estate industry

• D. police services

The existence of labor unions forces employers to deal with workers _____________________.

• A. individually, rather than as a collective

• B. cooperatively, rather than uncooperatively

• C. equitably, rather than inequitably

• D. collectively, rather than as individuals

There is sufficient evidence showing that union workers in the manufacturing sector generally

• A. tend to hold those jobs for less time than non-union workers.

• B. have higher productivity than non-union workers.

• C. have fewer years of experience than non-union workers,

• D. have lower productivity than non-union workers

Which of the following arguments would most likely be presented by a critic of labor unions?

• A. unions oppose suppression of wages by profit-seeking firms

• B. unions have a tendency to gain as much as possible in the long-term

• C. unions can prohibit economic growth if new technology is blocked

• D. unions have a higher percentage of women members than men

From a competitive firms' point of view, the key question regarding the higher wages paid to union workers is whether the higher wage level

• A. is matched by non-union producers.

• B. can be passed on to its customers.

• C. leads to workers with more experience.

• D. is matched with higher productivity.

As a result of the American workers' ability to sell their labor though a union, profit-making firms must pay wages

• A. exceeding the equilibrium wage those firms would otherwise have selected.

• B. at the intersection of the demand and supply labor curves.

• C. below the equilibrium wage level those firms would otherwise be able to pay.

• D. that match the preferred equilibrium wage these firms have selected.