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Business
Study Set
Principles of Microeconomics
Quiz 16: Wages and Employment: Monopsony and Labor Unions
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Question 141
Multiple Choice
Early unions were considered by the courts to be
Question 142
Multiple Choice
The first union to organize workers across skills, industries, and regions was the
Question 143
Multiple Choice
The organization that was set up to promote the interests of a loose group of craft unions was the
Question 144
Multiple Choice
The founder of the American Federation of Labor was
Question 145
Multiple Choice
How did the AFL feel about unskilled noncraft workers?
Question 146
Multiple Choice
When all workers in the garment industry organized together, this was
Question 147
Multiple Choice
The AFL was formed to promote
Question 148
Multiple Choice
By the 1930s, when new technology advanced and craft distinctions blurred, the
Question 149
Multiple Choice
From the 1930s to the 1980s, union membership in the United States, measured as the number of labor force members,
Question 150
Multiple Choice
From the 1950s to the 1980s, union membership in the United States, measured as a percentage of the labor force, remained fairly constant at
Question 151
Multiple Choice
Since 1980, union membership in the United States has
Question 152
Multiple Choice
The first major piece of prolabor legislation was the
Question 153
Multiple Choice
The closed shop was outlawed by which act passed by Congress in 1947?
Question 154
Multiple Choice
The Civil Rights Act of 1964
Question 155
Multiple Choice
The Landrum-Griffin Act was designed to
Question 156
Short Answer
How does a monopsonist decide how many workers to hire and what wage rate to pay?
Question 157
Essay
a.Can you explain why some employees who work for monopsonists might feel that they are underpaid? b. Why can't the firm raise their wage rates to keep them from feeling this way?
Question 158
Essay
a.Explain the difference between a closed shop and a union shop. b. Which of these would firms prefer? Why? c. Which of these would unions prefer? Why?
Question 159
Short Answer
Would a union of all the restaurant workers in your area be more or less successful at winning wage increases without suffering employment losses than a union of all the pizzeria workers in your area? Explain.