Exam 8: The Environment for Bargaining

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In an industry where all employers offer essentially similar goods and services,a wage increase is easy to pass on to customers.

(True/False)
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Coordinated bargaining occurs where a single union represents employees of several small employers.

(True/False)
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Which of the following best describes marginal revenue product?

(Multiple Choice)
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Excessive industrial concentration is dealt with by _____.

(Multiple Choice)
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When is the derived demand for labor more inelastic?

(Multiple Choice)
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When is the supply of labor elastic?

(Multiple Choice)
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Permissive bargaining has no direct impact on management or labor costs.

(True/False)
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When does the most successful multiemployer bargaining occur?

(Multiple Choice)
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In railroads and airlines,the Railway Labor Act requires that bargaining units need not be organized on a craft basis.

(True/False)
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A competitive market is one with relatively few producers.

(True/False)
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Which of the following is true about bargaining units?

(Multiple Choice)
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The derived demand for labor is more inelastic if a given type of labor is essential in the production of the final products.

(True/False)
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Why does a conglomerate have higher ability to take on a long strike at any subsidiary?

(Multiple Choice)
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What is a marginal supply curve? Explain with an example.

(Essay)
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A _____ arrangement increases union bargaining power but is also accompanied by an increased willingness to try innovative solutions to employment problems during a period of rapid technological change in the telecommunications industry.

(Multiple Choice)
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When is the derived demand for labor more inelastic?

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Unions must be able to reduce competition with both nonunion and union workers to improve conditions.Nonunion competition is reduced through _____.

(Multiple Choice)
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In which of the following scenarios will the employer be less able to take a strike?

(Multiple Choice)
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Which of the following best describes a monopsonist employer?

(Multiple Choice)
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Describe the characteristics of a competitive industry.

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