14) In the textbook’s analysis of the objectives of labor unions, the lowest wag
ID: 2440195 • Letter: 1
Question
14)
In the textbook’s analysis of the objectives of labor unions, the lowest wage rate would result from which objective?
(2pts)
maximize income for a limited number of union members.
bargain collectively.
offset monopsony power
maximize employment for all union members.
maximize the total wage bill.
16)
Which of the following would a union favor as a way to achieve its objectives?
(2pts)
right-to-work laws.
free trade
elimination of the minimum wage.
all the above
none of the above
17)
Successful collective bargaining (on the part of a labor union) will have what effect on the market for labor? It will
(2pts)
decrease the supply of labor.
decrease the demand for labor.
increase the supply of labor.
increase the demand for labor.
make the supply of labor curve horizontal at the wage specified in the contract.
Which of the following statements about government bureaucracy is inconsistent with the analysis of that subject in the PowerPoint lecture slides?
(2pts)
Government bureaus are not likely to end the fiscal year with surplus funds.
Government bureaus have no real interest in solving whatever problem they were originally set up to deal with.
Government bureaus have little incentive to keep costs down.
Most government bureaus function as monopolies because they face no competition for their services.
Government bureaus have a strong incentive to please their “customers” because their customers are also taxpayers and voters.
Explanation / Answer
14.Maximize employment for all union members ( in this case union members has to lower their wage because employment to all can be ensured at lower wage)
16. Right to work laws( these laws will increase bargaining power to unions .If they have their own rights to work then it willprovide more strength to union)
17. Decrese the demand for labour ( if bargaining power of union increase then demand for labour will fall)
18. Could not answer because I don't know material of slides
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