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WorksheetsEconomics - Chapter 9 Review
Total questions: 17
Worksheet time: 9mins
Name
Class
Date
1.
A government program that regulates unfair hiring practices is called
a)
set-aside contract
b)
seizure
c)
fact finding
d)
union shop
2.
Price measures that have been adjusted for inflation
a)
real or constant dollars
b)
Civilian Labor Force
c)
fact-finding
d)
equilibrium wage rate
3.
The idea that higher education often results in higher earnings
a)
negotiated wages
b)
wage determination
c)
fact finding
d)
signaling theory
4.
Tactics used only by management
a)
lockout
b)
boycott
c)
picket
d)
negotiation
5.
____________________ is responsible for increases in the federal minimum wage.
a)
inflation
b)
two-tiered wage system
c)
supply of labor
d)
demand of labor
6.
Union membership is optional.
a)
collective bargaining
b)
injunction
c)
union shop
d)
modified union shop
7.
_______________________ is the negotiation between union and management.
a)
equilibrium wage rate
b)
real or constant dollars
c)
injunction
d)
collective bargaining
8.
First types on unions formed in the United States.
a)
craft and industrial unions
b)
craft and independent unions
c)
company and industrial unions
d)
company and independent unions
9.
The income earned by females has only been a fraction of that earned by males partially because of
a)
uneven distribution of men and women among occupations
b)
differences in human capital
c)
discrimination
d)
all of these
10.
The market theory of wage determination is
a)
A workers value in the labor market is determined primarily by that worker's seniority
b)
Management is more willing to pay a high wage to a worker with an advanced education
c)
Workers pay rates are set by supply and demand for workers skills
d)
Management tend to pay a lower wage to
11.
Main difference between the two oldest types of unions.
a)
Company unions are national in scope, industrial unions are independent.
b)
Company unions are independent; industrial unions are national in scope.
c)
Trade union members do the same work; industrial union members work in the same industry.
d)
Trade union members work in the same industry; industrial union members do the same work.
12.
An attempt to prevent erosion of the value of the minimum wage?
a)
freezing wage
b)
freeze hiring
c)
increase minimum wage
d)
increase hiring
13.
Select the correct statement about minimum wage laws in the United States
a)
Minimum wage is adjusted by law every 5 years
b)
Minimum wage is the same in all parts of the country
c)
Some states have lower than federal minimum wage
d)
Some states have higher than federal minimum wage
14.
Which category of workers stands to gain the most from unionization?
a)
skilled labor
b)
unskilled labor
c)
semi-skilled labor
d)
professional labor
15.
Use of a third party to resolve a dispute
a)
picket
b)
give back
c)
mediation
d)
arbitration
16.
maintaining pay-scale for an occupation
a)
minimum wage
b)
two-tier wage system
c)
seniority
d)
wage rate
17.
Signaling theory suggests that
a)
few management concessions result from the process of mediation
b)
most management concessions result from arbitration
c)
union members have greater job security than the average non-union worker
d)
the average college graduate makes 3 times more than the average high school drop-out
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