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1. Statement 1: The strike is the ultimate weapon of a union. Statement 2: A fir

ID: 1100164 • Letter: 1

Question

1. Statement 1: The strike is the ultimate weapon of a union. Statement 2: A firm that manufactures furniture would be better able to withstand a strike than a firm that produces fresh fruits/vegetables.

Which statement is true?


2. All of the following are aimed at reducing the incidence of discrimination EXCEPT:       
                  
A. The National Labor Relations Act (1935)

B. The Equal Pay Act (1963)

C. The Civil Rights Act (1964)

D. The American Disabilities Act (1990)

3. What segmented labor market theory of economic discrimination divides the market into unionezed and non-unionized workers?             
                 
A. The job crowding hypothesis.
B. The dual market theory.
C. The insider-outsider hypothesis.
D. None of the above.

4. Why are firms reluctant to provide their workers with general training?     
                     
A. Because general training does nothing to improve their workers' productivity.
B. Because general training is not tax deductible to the firm.
C. Because general training is always more expensive than specific training.
D. Because employees can take the skills learned from the training go get jobs in other businesses.

Explanation / Answer

1. Statement 1 is True

2. C

3.D

4.A