ECN 2110 Week 8 Quiz | Assignment Help | Baker College
- Baker College / ECN 2110
- 20 Mar 2021
- Price: $5
- Accounting & Economics Assignment Help / Microeconomics
ECN 2110 Week 8 Quiz | Assignment Help | Baker College
Module 8A Quiz
Question 1
Negotiations between
unions and a firm or firms is called
_____________________ .
o
collective bargaining
o
cooperative bargaining
o
united bargaining
o
organized bargaining
Question 2
The existence of labor
unions forces employers to deal with workers
o
individually, rather than as a
collective
o
cooperatively, rather than
uncooperatively
o
equitably, rather than inequitably
o
collectively, rather than as individuals
Question 3
Members of labor unions
are able to use their_____________________ to achieve better economic outcomes.
o
cooperative nature
o
bargaining power
o
secret ballot votes
o
excess supply of labor
Question 4
Once the U.S. government
opened its domestic markets to international trade, the competition from
imported cars, steel, and other products caused demand for similar U.S. goods
to
o
continually increase leading to an
overall increase in union membership.
o
fall, leading to lower output, fewer
workers, and an overall decline in union membership.
o
decline, causing workers to call upon
governments to pass indexed wage protection laws.
o
rise, but laws made it difficult for new
workers to become union members.
Question 5
Discrimination in labor
markets arises if_____________________, as measured by education, receive
different pay because of their_____________________.
o
workers with different skill levels;
race or gender
o
workers with no experience; race or
marital status
o
workers with work experience; race or
marital status
o
workers with the same skill levels; race
or gender
Question 6
The theory of
_____________________ holds that people won’t bother incurring the costs of
becoming informed and voting, because they know that their vote
_____________________.
o
rational ignorance; won’t be decisive in
the election
o
imperfect competition; has little impact
on election outcomes
o
inequality of incomes; won't be decisive
in the election
o
democracy by majority rule; won't impact
election outcomes
Question 7
In a 1948 novel titled
"Walden II", one of the characters states: "The chance that one
man’s vote will decide the issue in a national election...is less than the
chance that he will be killed on his way to the polls." This statement
addresses
o
why laws against pork-barreling and
logrolling cannot be legislated.
o
why the United States spends too much
money on elections.
o
why the margin of victory in elections
is measured in hundreds, thousands, and millions of votes.
o
why a utility-maximizing person may
rationally decide not to vote or become informed about elections.
Question 8
In the U.S., why is
figuring out a way of strengthening people’s feeling of connectedness to
society still an issue of importance?
o
it will make it easier for people to
register to vote
o
keeping the polls open longer will
create more jobs
o
other proposals offered have failed to
substantially increase voter turnout
o
those who vote tend to be more
supportive of quality public education
Question 9
The government is
imposing an industrial pollution tax in an attempt to reduce carbon emissions.
The cost of the tax to five major companies in the oil refining industry will
be $50 million annually. In terms of reduced emissions, the annual benefits of
the tax are valued at $10 per person. There are 125 million people directly
affected by emissions from oil refineries owned by these companies. The total
annual cost of this tax is _____________________ while the total annual benefit
to society is _____________________.
o
$250 million; $1.25 trillion
o
$500 million; 1.5 trillion
o
$250 million; $1.5 trillion
o
$500 million; $1.25 trillion
Question 10
_____________________
are numerically small, but well-organized groups that are able to exert a
disproportionate effect on political outcomes.
o
Bipartisan reform organizations
o
Special interest groups
o
Social scientists organizations
o
Bipartisan campaign reformers
USA 
India