1. Unions face a trade-off between higher wages and a. equipment b. more availab
ID: 1176430 • Letter: 1
Question
1. Unions face a trade-off between higher wages and
a. equipment
b. more available Positions
c. fewer available positions
d. none of the above
2. a state with "right to work" Laws would mostly likely have
a. more workers benefit than neighboring states without such laws
b. lower hourly wages than neighboring states without such laws
c. more worker safety requirements than neighboring states without such laws
d. more union workers than neighboring states without such laws
3. the impact of a strike is limited to the ability of the union to
a. lower its wage demand of non-union members
b. prevent replacement workers from continuing their work
c. control the pension fund
d. none of the above
4. Which of the following does NOT affect a workers marginal prouductivity?
a. Training
b. education
c. talent
d. inheritance of money
5. The impact of technological change in the health care area has been to
a. increase the quality of health care which decreasing the cost
b. increase both the quality of health care and the cost of health care
c. reduce the quality of health care while raising the cost
d. reduce the cost of health care
6. With a human capital investment (such as the investment in going to college), the most important cost tends to be
a. books and equipment
b. foregone leisure
c. the opportunity cost of not working
d. taxes
7. the graphg which represents the distribution of income in an economy is called the
a. lorenz cureve
b. laffer curve
c. aggregate demand curve
d. distribution curve
8. which of the following are determinants of differences in income?
a. marginal productivity
b. discrimaination
c. age
d. all of the above
Explanation / Answer
1. Unions face a trade-off between higher wages and
c. fewer available positions
2. a state with "right to work" Laws would mostly likely have
a. more workers benefit than neighboring states without such laws
3. the impact of a strike is limited to the ability of the union to
d. none of the above
4. Which of the following does NOT affect a workers marginal prouductivity?
a. Training
b. education
c. talent
5. The impact of technological change in the health care area has been to
d. reduce the cost of health care
6. With a human capital investment (such as the investment in going to college), the most important cost tends to be
c. the opportunity cost of not working
7. the graphg which represents the distribution of income in an economy is called the
c. aggregate demand curve
8. which of the following are determinants of differences in income?
d. all of the above
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