Question : 21) Unions ________ free trade and ________ a higher minimum : 1226303

 

21) Unions ________ free trade and ________ a higher minimum wage.

A) favor; favor

B) are neutral toward; oppose

C) favor; oppose

D) oppose; favor

E) oppose; oppose

22) Which of the following is a method used by unions to increase the demand for their members’ labor?

A) Support import restrictions.

B) Decrease the marginal product of union members.

C) Increase imported goods and services

D) Oppose immigration restrictions.

E) Oppose minimum wage laws.

 

23) Which of the following methods is used by unions to increase the demand for the labor of its members?

A) Decrease the marginal product of union members

B) Support minimum wage laws

C) Support free trade

D) Support laws that increase immigration into the country

E) Decrease demand for the good produced

 

24) A rise in the minimum wage increases the demand for union labor because this policy change

A) lowers the wage rate paid to union labor.

B) raises the productivity of union labor.

C) lowers the cost of a substitute for union labor.

D) lowers the productivity of union labor.

E) raises the cost of a substitute for union labor.

 

25) Unions support immigration restrictions because the restrictions create

A) an increase in the supply of union labor.

B) a decrease in the supply of union labor.

C) unemployment.

D) an increase in the demand for union labor.

E) a decrease in the demand for union labor.

26) Which of the following decreases the supply of labor that competes with union labor?

A) an increase in the minimum wage

B) an increase in the demand for imported goods

C) an increase in union members’ productivity

D) new laws that restrict immigration

E) All of the above would decrease the supply of labor.

 

27) Which of the following is NOT a method used by union to increase their members’ wages?

A) Limit the supply of non-union workers.

B) Increase the demand for union workers.

C) Support minimum wage increases.

D) Increase union members’ productivity.

E) None of the above because they are all methods unions use to increase their members’ wages.

 

28) Which of the following is NOT a method by which unions try to increase the demand for the labor of their members?

A) increasing the marginal product of union members

B) increasing the supply of the goods produced by union labor

C) supporting minimum wage laws

D) supporting import restrictions

E) supporting immigration restrictions

29) An individual’s labor supply curve eventually bends backward because at a high enough wage rate,

A) people are willing to work more hours.

B) employers are willing to hire more workers.

C) people desire more leisure time.

D) very few workers are hired.

E) more people enter the labor market to search for jobs.

 

30) How does an increase in the adult population affect the labor market?

A) The demand for labor will become more inelastic.

B) The supply of labor will decrease.

C) The supply of labor will increase.

D) The demand for labor will decrease.

E) The demand for labor will increase.

 

31) The supply of labor curve shifts leftward if

A) the population increases.

B) the demand for labor curve shifts leftward.

C) the supply of labor increases.

D) the wage rate falls.

E) the supply of labor decreases.

 

32) If the wage rate is above the equilibrium wage rate, the quantity of labor demanded is ________ the quantity of labor supplied.

A) greater than

B) less than

C) equal to

D) the negative of

E) not comparable to

33) The more people who remain in school for full-time education and training, the ________ is the ________ low-skilled labor.

A) smaller; demand for

B) smaller; supply of

C) larger; supply of

D) larger; demand for

E) less elastic; demand for

 

34) If the supply of labor decreases, then the equilibrium wage rate ________ and equilibrium employment ________.

A) does not change; decreases

B) rises; increases

C) rises; decreases

D) falls; increases

E) falls; decreases

 

35) Of the following, a union is LEAST likely to support

A) an increase in the minimum wage rate.

B) laws that restrict immigration into the country.

C) on-the-job training that makes their members more productive.

D) laws that increase the quantity of the nation’s imports.

E) programs that boost the demand for the goods and services their members produce.