Economics

Legislation that makes it illegal to require union membership as a condition of continuing employment is the

Legislation that makes it illegal to require union membership as a condition of continuing employment is the

Legislation that makes it illegal to require union membership as a condition of continuing employment is the

• collection of right-to-work laws.

• Congress of Industrial Organizations.

• National Labor Relations Act.

• Wagner Act.

liljay   55   1 Reply

Cass Stein

A right-to-work law makes it illegal

A right-to-work law makes it illegal

[html]A right-to-work law makes it illegal

• to prevent union members from working in any firm.

• for union membership to be a requirement for continued employment in any firm.

• to fire a worker who has joined a union or who tries to organize a u

Villerys39   36   2 Replies

Villerys39

The welders' union at Ajax is on strike. The maintenance union has decided to walk out in support ...

The welders' union at Ajax is on strike. The maintenance union has decided to walk out in support ...

The welders' union at Ajax is on strike. The maintenance union has decided to walk out in support of the welders' union. This is known as

• a closed shop.

• a secondary boycott.

• a sympathy strike.

• a union shop.

lmalma   59   1 Reply

Kutthroat Kane

A jurisdictional dispute is a

A jurisdictional dispute is a

[html]A jurisdictional dispute is a

• legal environment in which businesses may hire nonunion members conditional on their joining the union by some specified date after employment begins.

• business enterprise in which employees must belong to the

Nica   31   1 Reply

osvaldoguzman

The CIO was formed as a(n)

The CIO was formed as a(n)

The CIO was formed as a(n)

• closed shop.

• association of industrial unions.

• bilateral monopoly.

• union shop.

jujubee600   38   2 Replies

jujubee600

Prior to World War I, the U.S. government's attitude towards labor unions was one of

Prior to World War I, the U.S. government's attitude towards labor unions was one of

Prior to World War I, the U.S. government's attitude towards labor unions was one of

• indifference.

• hostility.

• support.

• support, except when it came to unions of public employees.

Frost   26   1 Reply

Woo

Which of the following is LEAST likely to be a reason for the decline in U.S. union membership?

Which of the following is LEAST likely to be a reason for the decline in U.S. union membership?

[html]Which of the following is LEAST likely to be a reason for the decline in U.S. union membership?

• increasingly more immigrant workers to fill unskilled job positions

• increases in the work force of the public sector

• declines in manufactur

emyleepatton   55   2 Replies

emyleepatton

Which of the following is legal under the Taft-Hartley Act?

Which of the following is legal under the Taft-Hartley Act?

Which of the following is legal under the Taft-Hartley Act?

• secondary boycotts

• collective bargaining

• sympathy strikes

• closed shops

lambchop03   43   1 Reply

qwer34

The president of the United States can obtain a court injunction that will stop a strike for an ...

The president of the United States can obtain a court injunction that will stop a strike for an ...

[html]The president of the United States can obtain a court injunction that will stop a strike for an 80-day "cooling-off"period if the strike is expected to imperil national safety or health. This power is granted in the

• Wagner Act.

• Landrum-Gr

barry1999   37   3 Replies

jrhome1985!

Which of the following correctly describes the trend in U.S. union membership?

Which of the following correctly describes the trend in U.S. union membership?

[html]Which of the following correctly describes the trend in U.S. union membership?

• Union membership peaked in the 1960s and has been decreasing steadily since.

• Union membership declined until the 1980s, but has been increasing steadily since.

uni67   55   1 Reply

crdsa

A profit-maximizing firm will hire workers up to the point at which

A profit-maximizing firm will hire workers up to the point at which

A profit-maximizing firm will hire workers up to the point at which

• MRP < MFC.

• MRP = MFC.

• MRP = MPP.

• MRP > MFC.

Guest   45   2 Replies

Guest

In the above table, if the marginal factor cost is $200, how many workers would be hired?

In the above table, if the marginal factor cost is $200, how many workers would be hired?

[html]

Suedyso   41   1 Reply

BobbyD

In the above table, what is the marginal revenue product of the 2nd worker?

In the above table, what is the marginal revenue product of the 2nd worker?

[html]

dupoyjohn134   46   2 Replies

dupoyjohn134

In the above table, what is the marginal revenue product of the 1st worker?

In the above table, what is the marginal revenue product of the 1st worker?

[html]

iloveyofacexx3   80   1 Reply

kamronet

In the above table, what is the marginal revenue product of the 4th worker?

In the above table, what is the marginal revenue product of the 4th worker?

[html]

lmalma   53   2 Replies

lmalma

In an imperfectly competitive labor market, the firm is faced with a(n) ________ MPP curve and a(n) ...

In an imperfectly competitive labor market, the firm is faced with a(n) ________ MPP curve and a(n) ...

[html]In an imperfectly competitive labor market, the firm is faced with a(n) ________ MPP curve and a(n) ________ MR curve.

• upward sloping; downward sloping

• downward sloping; upward sloping

• downward sloping; horizontal

• downward sloping;

mbowdish   39   1 Reply

sarahlouhigg

Compared to the perfectly competitive firm, the monopolist's input demand curve is

Compared to the perfectly competitive firm, the monopolist's input demand curve is

Compared to the perfectly competitive firm, the monopolist's input demand curve is

• marginal factor cost.

• more elastic.

• due to a constant per-unit price of the product.

• more inelastic.

Lopezj273   43   2 Replies

Lopezj273

The monopolist's input demand curve is the

The monopolist's input demand curve is the

The monopolist's input demand curve is the

• marginal factor cost.

• marginal revenue product curve.

• marginal physical product curve.

• marginal revenue curve.

snowicefox17   35   1 Reply

MikaelDevost

Which of the following would be the most likely outcome if all perfectly competitive firms in a ...

Which of the following would be the most likely outcome if all perfectly competitive firms in a ...

[html]Which of the following would be the most likely outcome if all perfectly competitive firms in a product market join together to form a monopoly?

• Both the rate of output and the quantity of labor input employed will decrease.

• Both the rate

LilyGal   42   2 Replies

LilyGal

Economic analysis indicates the net long-run effect of outsourcing for the United States is likely to be

Economic analysis indicates the net long-run effect of outsourcing for the United States is likely to be

[html]Economic analysis indicates the net long-run effect of outsourcing for the United States is likely to be

• a decreased in the demand for labor in the United States in the short run.

• a decrease in the supply of labor.

• an increase in the s

trancy   49   1 Reply

christinaalex

Employment of labor in a country other than the firm's home country is called

Employment of labor in a country other than the firm's home country is called

Employment of labor in a country other than the firm's home country is called

• employing guest workers.

• employing illegal aliens.

• employing non-naturalized workers.

• outsourcing.

Izzydhindsa   47   2 Replies

Izzydhindsa

Which of the following statements is FALSE about the long-run effects of outsourcing?

Which of the following statements is FALSE about the long-run effects of outsourcing?

[html]Which of the following statements is FALSE about the long-run effects of outsourcing?

• Globally wages will increase because of outsourcing.

• Outsourcing allows countries to specialize in producing what they can produce most efficiently.

•

asjstr   41   1 Reply

getdh

Suppose the market for autoworkers is initially in equilibrium, but then the automakers purchase ...

Suppose the market for autoworkers is initially in equilibrium, but then the automakers purchase ...

[html]Suppose the market for autoworkers is initially in equilibrium, but then the automakers purchase capital goods that are a substitute for workers. What happens in the market for autoworkers? Explain. Now, suppose the automakers improve working c

Biraj   47   3 Replies

Jax

Which of the following would NOT be a reason for a shift in the labor demand curve?

Which of the following would NOT be a reason for a shift in the labor demand curve?

[html]Which of the following would NOT be a reason for a shift in the labor demand curve?

• a change in labor productivity

• a change in the price of a related input

• a change in demand for the final product

• a change in the market wage rate[/h

studymite   58   1 Reply

urbacore

Which of the following will not lead to an increase in the demand for labor for a firm producing automobiles?

Which of the following will not lead to an increase in the demand for labor for a firm producing automobiles?

[html]Which of the following will not lead to an increase in the demand for labor for a firm producing automobiles?

• an increase in the demand for automobiles

• an increase in the price of automobiles

• a decrease in labor productivity

• an incr

jonnyjon   38   2 Replies

jonnyjon

Which of the following statements is TRUE about the market and individual firm's supply curve for labor?

Which of the following statements is TRUE about the market and individual firm's supply curve for labor?

[html]Which of the following statements is TRUE about the market and individual firm's supply curve for labor?

• The market supply curve is more inelastic than the firm's supply curve.

• The market supply curve is more elastic than the firm's suppl

snowicefox17   40   1 Reply

Cele_1015

An industry's equilibrium wage rate is established

An industry's equilibrium wage rate is established

[html]An industry's equilibrium wage rate is established

• by the Labor Department and based on the cost of living in the area.

• by the industry supply curve for labor alone.

• by the intersection of the industry supply and demand curves for labo

Alek Hsiang   43   2 Replies

Alek Hsiang

The price elasticity of demand for a variable input will be more elastic in all the following cases EXCEPT

The price elasticity of demand for a variable input will be more elastic in all the following cases EXCEPT

[html]The price elasticity of demand for a variable input will be more elastic in all the following cases EXCEPT

• the shorter the time period being considered.

• the easier it is for a particular variable input to be substituted for by other input

dillon_green23   34   1 Reply

blazeypooh

Suppose there are 100 firms in a market and all are identical. Firm A will hire 20 workers when the ...

Suppose there are 100 firms in a market and all are identical. Firm A will hire 20 workers when the ...

[html]Suppose there are 100 firms in a market and all are identical. Firm A will hire 20 workers when the wage rate is $10, 25 workers when the wage rate is $9, and 30 workers when the wage rate is $8. The equilibrium wage rate for a number of years

achalmers   64   3 Replies

jrhome1985!

Which of the following statements is TRUE about the market demand curve for labor?

Which of the following statements is TRUE about the market demand curve for labor?

[html]Which of the following statements is TRUE about the market demand curve for labor?

• The market demand curve is the sum of the individual firm's demand curve.

• The market demand curve will be perfectly inelastic since firms need labor.

• Th

yufeige4   31   1 Reply

Nashua

Which of the following will cause a shift in the demand curve of labor?

Which of the following will cause a shift in the demand curve of labor?

[html]Which of the following will cause a shift in the demand curve of labor?

• an increase or decrease in the demand for the product labor produces

• an increase or decrease in the productivity of labor

• a decline in the price of a complementary

sjbux   31   3 Replies

Nikki_LYNN

When an input represents a larger proportion of a firm's total costs, then

When an input represents a larger proportion of a firm's total costs, then

[html]When an input represents a larger proportion of a firm's total costs, then

• the usage of the input cannot be varied in the production function.

• demand for the input will tends to be more elastic.

• the input demand will not vary significa

uni67   26   1 Reply

h00304413

When an input represents a small proportion of a firm's total costs, then

When an input represents a small proportion of a firm's total costs, then

[html]When an input represents a small proportion of a firm's total costs, then

• demand for the input will tend to be less elastic.

• the usage of the input cannot be varied in the production function.

• the input demand will vary significantly w

FAITHBELLE   35   2 Replies

FAITHBELLE

If the price elasticity of demand is less than 1, then consumer demand is

If the price elasticity of demand is less than 1, then consumer demand is

If the price elasticity of demand is less than 1, then consumer demand is

• elastic.

• unitary elastic.

• inelastic.

• unrelated to the elasticity of demand.

D-john   49   1 Reply

kiyomika

If the price elasticity of demand is greater than 1, then consumer demand is

If the price elasticity of demand is greater than 1, then consumer demand is

If the price elasticity of demand is greater than 1, then consumer demand is

• inelastic.

• elastic.

• unrelated to the elasticity of demand.

• unitary elastic.

caillacakes   58   2 Replies

caillacakes

Whenever an input makes up a large percentage of a good's final cost, an increase in that input's price will

Whenever an input makes up a large percentage of a good's final cost, an increase in that input's price will

[html]Whenever an input makes up a large percentage of a good's final cost, an increase in that input's price will

• cause the firm to shutdown.

• affect total cost relatively more.

• not affect total revenues.

• affect only accounting profits.[/

spruckj   70   1 Reply

wasan

Suppose the MRP of the 49th worker at a firm is $25 and that the market wage rate is $15. We know ...

Suppose the MRP of the 49th worker at a firm is $25 and that the market wage rate is $15. We know ...

[html]Suppose the MRP of the 49th worker at a firm is $25 and that the market wage rate is $15. We know that if this firm operates in perfectly competitive product and labor markets

• the firm's profits would increase if it fired some workers.

• th

treetreee   63   2 Replies

treetreee

If the demand for hamburgers increases, it is likely that the demand for fast-food employees will

If the demand for hamburgers increases, it is likely that the demand for fast-food employees will

If the demand for hamburgers increases, it is likely that the demand for fast-food employees will

• stay the same.

• increase at first but then fall rapidly.

• decrease.

• increase.

toripollard8   55   1 Reply

h00304413

According to the above table, if the wage rate is $400 a week and the price of the good produced is ...

According to the above table, if the wage rate is $400 a week and the price of the good produced is ...

[html]

whatsupgirl16   29   2 Replies

whatsupgirl16

Suppose that in a computer factory, if there is 1 worker, 80 computers are produced per week. If ...

Suppose that in a computer factory, if there is 1 worker, 80 computers are produced per week. If ...

[html]Suppose that in a computer factory, if there is 1 worker, 80 computers are produced per week. If there are 2 workers, 150 computers are produced per week. If there are 3 workers, 200 computers are produced per week. Given this information, the

liljay   65   1 Reply

Guest