Chapter 13 – Wage Determination (+ Appendix)
163. The monopsonist in a nonunionized labor market pays a wage rate below the MRP of
labor.
164. Inclusive unions restrict the number of jobs directly by shifting the labor supply curve to
the left; exclusive unions restrict the number of jobs by imposing above-equilibrium wage
rates on the employer.
165. Critics of the minimum wage contend that higher minimums cause employers to move
up their labor demand curves, reducing employment of low-wage workers.
166. The principal-agent problem in labor markets arises because of the possibility of shirking
by workers.
Chapter 13 – Wage Determination (+ Appendix)
167. Efficiency wages are established at below-equilibrium levels.
168. Human capital investment refers to spending on education and worker training.
169. Noncompeting groups of workers are the result of geographic immobilities.
170. Shirking refers to the behavior of workers who provide less-than-expected effort on the
job.
Chapter 13 – Wage Determination (+ Appendix)
171. Piece-rates may not be appropriate pay in some situations because they might reduce
product quality.
172. In 2009, there were about _____ million union members in the United States.
173. In 2009, about ____ percent of employed wage and salary workers belonged to unions.
Chapter 13 – Wage Determination (+ Appendix)
174. In 2009, the U.S. unionization rate was
175. The majority of union members in the United States belong to unions which are:
176. Independent unions:
Chapter 13 – Wage Determination (+ Appendix)
177. AFL-CIO stands for:
178. Suppose in some economy there are 100 million workers; 10 million of those workers
work in retail trade, and 1 million of the retail workers belong to unions. Total union
membership in this economy is 40 million. The rate of unionization in retail trade is:
179. Suppose in some economy there are 100 million workers; 8 million of those workers
work in retail trade, and 2 million of the retail workers belong to unions. Total union
membership in this economy is 30 million. The rate of unionization in the economy is:
Chapter 13 – Wage Determination (+ Appendix)
180. In the United States, the rate of unionization is:
181. In which of the following U.S. industries is the rate of unionization the lowest?
182. In which of the following U.S. industries is the rate of unionization the highest?
Chapter 13 – Wage Determination (+ Appendix)
183. In the United States, the rate of unionization is:
184. In which of the following U.S. occupations is the rate of unionization the highest?
185. In which of the following U.S. occupations is the rate of unionization the lowest?
Chapter 13 – Wage Determination (+ Appendix)
186. In the United States:
187. In the United States:
188. Who is the most likely to be a union member in the United States?
Chapter 13 – Wage Determination (+ Appendix)
189. Since 1980, labor union membership in the United States has been:
190. U.S. union membership has declined substantially in recent years. Which of the
following is not usually cited as a causal factor?
191. Which of the following might be expected to increase union membership?
Chapter 13 – Wage Determination (+ Appendix)
192. Suppose that under its collective bargaining agreement the ABC Corporation can hire
nonunion workers, but such workers must join the union within 30 days. This agreement
embodies:
193. The XYZ Corporation’s collective bargaining agreement indicates that it may hire either
union or nonunion workers and that the latter are under no obligation to join the union. This
agreement embodies:
194. State right-to-work laws:
Chapter 13 – Wage Determination (+ Appendix)
195. The Overnight Construction Company has just signed a collective bargaining contract in
which it agrees that all workers it hires must be union members in good standing at the time
they are hired. This provision reflects:
196. State right-to-work laws:
197. Under an agency shop agreement, firms can hire:
Chapter 13 – Wage Determination (+ Appendix)
198. Suppose Steve Stone takes a job with Zemo Manufacturing, whose labor contract with its
unions has an agency shop clause (30 days). Steve:
199. Unions prefer:
200. Which of the following is illegal under Federal labor law?