Which of the following government entities oversees and enforces labor relations in the United States?
A) Equal Employment Opportunity Commission
B) US Department of Labor
C) Bureau of Labor Affairs
D) National Labor Relations Board
E) Employee Benefits Security Administration
Question 2 - The price of computers drops by 20. What is the most likely impact on supply and demand?
A) Demand down, supply down
B) Demand up, supply up
C) Demand down, supply up
D) Demand up, supply down
Question 3 - After passage of the _______ Act, unions were required to file annual reports with the US Department of Labor regarding their finances, elections, and other decisions made by union officers.
A) Landrum-Griffin
B) Norris-LaGuardia
C) Taft-Hartley
D) National Labor Relations
E) Fair Labor Standards
Question 4 - As a farmer of corn, you operate in a market of near perfect competition. The key strategic consideration in running your business is to:
A) differentiate your product from that of your competitors.
B) sell at the price government sets.
C) minimize your costs.
D) match the pricing of the handful of other competitors in your market.
E) set any price you want, because you control the majority of your industry.
Question 5 - The _______ Act made it much more difficult for businesses to obtain injunctions in order to ban union membership drives, strikes, and picketing.
A) Norris-LaGuardia
B) National Labor-Relations
C) Taft-Hartley
D) Fair Labor Standards
E) Landrum-Griffin
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