Worksheets4.1.6.5 Trade Unions and Labour Markets NOTES
Total questions: 10
Worksheet time: 5mins
What factor significantly affects the bargaining power of trade unions in a labour market?
The structure of the labour market
The number of holidays workers get
The number of trade unions in the market
The brand reputation of the companies involved
How does high labour mobility influence trade unions' ability to negotiate?
Has no impact on trade unions' negotiations
Increases their influence due to better job alternatives for workers
Decreases their influence as workers cannot move freely
Reduces the number of workers joining unions
What role does government legislation play in the effectiveness of trade unions?
It has no significant impact
It only affects the union leaders
It shapes the environment in which trade unions operate
It decreases the cost of living
During economic downturns, how are trade unions likely to be affected in their bargaining power?
They are more likely to secure wage increases
Their power increases significantly
Their bargaining power may diminish
They focus more on recruiting new members
What is a likely outcome when a trade union is introduced into a perfectly competitive labour market?
Increase in wages but possible reduction in employment
Immediate increase in employment levels
No change in wages or employment
Decrease in overall market competition
How can a trade union impact a monopsony labour market?
By negotiating higher wages and better working conditions
By decreasing wages due to increased competition
By having no impact on wages or employment
By increasing job security without affecting wages
What is the effect of competitive labour markets on trade unions' ability to negotiate?
Enhances job security for all workers
Leads to a decrease in union membership
Faces challenges due to many alternative job options
Increases their ability to secure higher wages
Which factor enhances the influence of trade unions?
Restrictive labour laws
Economic downturns
Strong legal protections for workers' rights
High unemployment rates
How does globalization impact the negotiating power of trade unions?
It increases their power by expanding their influence internationally
It diminishes their power due to increased competition
It has no significant impact on their negotiating power
It leads to better collaboration between unions across borders
In what way can trade unions influence corporate policy?
By lobbying for legislation that favors workers
By directly negotiating benefits and wages with employers
By endorsing political candidates who support labor causes
All of the above
