ECN 2110 Week 8 Quiz 1

ECN 2110 Week 8 Quiz 1 | Baker College

Module 8A Quiz

Question 1 

Negotiations between unions and a firm or firms is called  _____________________ .

·         collective bargaining

·         cooperative bargaining

·         united bargaining

·         organized bargaining 

Question 2 

The existence of labor unions forces employers to deal with workers 

·         individually, rather than as a collective

·         cooperatively, rather than uncooperatively

·         equitably, rather than inequitably

·         collectively, rather than as individuals

Question 3

Members of labor unions are able to use their_____________________ to achieve better economic outcomes. 

·         cooperative nature 

·         bargaining power

·         secret ballot votes

·         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 

·         continually increase leading to an overall increase in union membership.

·         fall, leading to lower output, fewer workers, and an overall decline in union membership.

·         decline, causing workers to call upon governments to pass indexed wage protection laws.

·         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_____________________. 

·         workers with different skill levels; race or gender

·         workers with no experience; race or marital status

·         workers with work experience; race or marital status

·         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 _____________________. 

·         rational ignorance; won’t be decisive in the election

·         imperfect competition; has little impact on election outcomes

·         inequality of incomes; won't be decisive in the election

·         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

·         why laws against pork-barreling and logrolling cannot be legislated.

·         why the United States spends too much money on elections.

·         why the margin of victory in elections is measured in hundreds, thousands, and millions of votes.

·         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? 

·         it will make it easier for people to register to vote

·         keeping the polls open longer will create more jobs

·         other proposals offered have failed to substantially increase voter turnout

·         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 _____________________.

·         $250 million; $1.25 trillion

·         $500 million; 1.5 trillion

·         $250 million; $1.5 trillion

·         $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. 

·         Bipartisan reform organizations 

·         Special interest groups

·         Social scientists organizations

·         Bipartisan campaign reformers