Exam 11: Labour Markets and the Distribution of Income

Firms with union contracts do a large portion of the painting jobs in the county. If the painters' union wins a 12 percent wage increase, what will most likely happen in the nonunionized part of the painters' labour market?

Which of the following is NOT a reason why it is harder to unionize in the fast-growing service industry?

Not all similarly skilled workers are included in unions. As a result, wages for unionized workers tend to be higher than for nonunion workers. As a significant number of skilled workers seek work in the nonunion sector, what is the impact on the supply curve and wages for nonunion labour?

Since 1950, the proportion of individuals that are very young or very old has fallen.

Explain why an increasing divorce rate tends to increase the inequality of income.

When a profit-maximizing firm makes a decision to employ a worker, what is that decision based on?

Unions have found it particularly difficult to organize workers in service-based industries. Why?

The law of diminishing marginal product is a reason why the demand curve for labour is downward sloping.

Would the owner of a profit-maximizing fast-food establishment hire another worker for $55 per day if that worker added faster service, increasing sales and revenue by $98 per day? Why or why not?

Why is demand for inputs a derived demand?

Which of the following policies is likely to alleviate relative poverty in Canada?

Compared to a worker in a comparable job, which of the following best describes an employee receiving on-the-job training?

Labour unions create barriers to entry in certain work settings.

What will an increase in the demand for a product cause output to do?

As workers approach retirement age the supply of labour increases.

In which of the following areas have unions NOT found it particularly difficult to organize workers in?

Which of the following will result in a leftward shift of the market supply curve for labour?

Which of the following best describes the average wages of adult men when compared to others?

What can we conclude the greater the marginal revenue product of labour is?

Which of the following does NOT contribute to increased worker productivity?