Question : 21) If a union restricts the supply of labor, it : 1241348

21) If a union restricts the supply of labor, it ________ the wage rate and ________ the level of employment.

A) raises; decreases

B) raises; increases

C) raises; does not change

D) lowers; decreases

E) lowers; increases

22) 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

23) 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.

24) 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

25) 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.

26) The medical field requires doctors to pass exams in order to earn a license to practice medicine. This requirement ________ doctors’ salaries because ________.

A) increases; the supply of doctors decreases and fewer doctors are employed

B) increases; the supply of doctors increases and as a result they are better trained

C) increases; the demand for doctors decreases because they charge higher prices

D) decreases; the supply of doctors decreases due to the tougher requirements

E) decreases; fewer people go to doctors because of the high prices

27) 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.

28) 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.

29) 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.

30) 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