St. Philips College

ECON 101

Chapter 17

1)The exercise of union power will tend to

2. Which of the following is not true about the wage level in a bilateral monopoly?

3. A profit-maximizing monopsonist will hire workers at the point where the marginal factor cost curve intersects the

4. The effect of union exclusion of nonunion workers is to

5. Suppose a firm finds that it must raise wages for all of its workers every time it tries to expand its workforce. This means

6. Productivity is

7. The unionization ratio grew most rapidly in the United States between
8. From a union's perspective, the optimal level of employment is determined by the intersection of the
9. The current unionization rate for the U.S. labor force

10. When only one buyer has access to a particular labor market,

11. The equilibrium wage rate is determined by

12. The quantities of labor employers are willing and able to hire at alternative wages in a given time period, ceteris paribus, is the definition of labor

13. Which of the following is an example of an industrial union?

14. To be successful in changing wage rates and employment conditions, labor unions need to have control over only

15. The demand for labor determines the

16. Walmart, the largest employer in the United States, employs

17. A profit-maximizing monopsonist will hire the quantity of labor where

18. When management shuts down a plant and does not allow workers to perform their jobs, there is a

19. Total wages paid to labor are maximized when workers are hired up to the point where the

20. Unions have had an impact on U.S. firms by supporting all of the following types of legislation except

21. In equilibrium, the monopsonist's labor demand will

22. A monopsony

23. In a bilateral monopoly, wages and employment are determined by

24. The marginal factor cost for a buyer with market power is

25. When a strike or a lockout occurs,

26. The current private sector unionization rate in the United States is closest to

27. An oligopsony exists if

28. The distinguishing characteristic of labor market monopsonies is the fact that

29. Workers with a particular skill are represented by

30. The percentage of the labor force that belongs to a union is known as the

31. A market with one buyer and one seller is a

32. A union shop is an employment setting in which workers

33. The difference between craft unions and industrial unions is that industrial unions usually

34. The profit-maximizing level of labor, in a union-dominated labor market, occurs where

35. Typical goals of a labor union in the United States include

36. The largest labor union in the United States represents approximately

37. The old industrial unions are being supplanted by

38. The marginal factor cost for labor is

39. The wage rate that a monopsonist would find most profitable is the wage

40. Collective bargaining

41. Union work rules may restrict productivity in all of the following ways except