Exam 2: The Environment

Unions are in favour of government aid as it protects jobs.

Which of the following is correct:

The shift from the government limiting market entrants and controlling prices to a system where the market is open to competition is:

Monetary policy refers to changes in government spending and taxation.

When a firm produces a good or service that has an elastic demand it will:

Briefly describe the environmental factors affecting labour relations. For each factor outline one way that unions and employers could be affected.

Describe the economic [or technological, social, political, legal] factors affecting labour relations and explain the significance for unions and employers.

Health and safety, compensation, and job security are likely to be most affected by:

Which of the following is correct regarding the social environment?

Eliminating jobs for the purpose of improving efficiency and economic returns is referred to as:

Explain a systems framework for labour relations. Elaborate on the elements of the framework and how they are interrelated.

Trade liberalization is the trend to reduce tariff barriers between countries.

Which of the following regulates minimum terms of employment?

The price elasticity of demand refers to the principle that if the price of a good or a service is reduced the quantity demanded increases.

In all jurisdictions unions and employers are prohibited from discriminating on the basis of:

A requirement an employer can establish is essential, with the result that it is allowed although it appears to be discriminatory, is called a:

Fiscal policy refers to changes in the interest rate to affect inflation or employment levels.

Non-standard work is employment in developing economic sectors such as information technology.

The Charter has been relied upon in some cases to defend employees' freedom of expression.

Globalization is the trend to international agreements that reduce tariff barriers between countries.