Chap 9 Econ
true
The theory of negotiated wages states that organized labor helps to determine pay rates.
base year
point of comparison in a price index
requiring union membership as a condition of employment
Which activity is illegal in a state with a right-to-work law?
discrimination
Which cause of the wage gap between men and women was addressed by the Equal Pay Act of 1963?
unskilled labor
Which noncompeting category of workers stands to gain the most from unionization?
the increase in the number of women and teenagers in the workforce
Which of the following partially explains the current decline in union influence?
A united workforce was more likely to bring about changes in the workplace.
Which of the following statements best explains why workers began to form unions?
It was formed in 1886 by combining several existing unions.
Which of the following statements is true about the formation of the American Federation of Labor?
a higher rate of pay for overtime hours worked
Which of the following were a direct result of union activity?
they were considered troublmakers
Which of these best describes public reaction to the earliest labor organizers?
seniority
Which of these offers an explanation for why a less productive worker might make more than his or her peers?
seizure
Which of these would most likely produce an exception to the market theory of wage determination?
the theory of negotiated wages
Which of these would most likely produce an exception to the market theory of wage determination?
current dollars
a measure of an item's price which is not adjusted for inflation
true
Signaling theory assumes that people with college degrees are worth more in the marketplace than those with only high school diplomas.
false
The market theory of wage determination states that salaries are best set by management.
minimum wage
the least that can be legally paid to most workers
giveback
wage, fringe benefit, or work rule surrendered when renegotiating a contract
false
A grievance procedure is an informal method of settling workplace disputes.
boycott
A mass refusal to do business with a company is called a(n) __________.
lockout
A refusal by management to let employees work is called a(n) __________.
strike
A(n) __________ is a union-organized work stoppage designed to gain concessions from an employer.
agency
A(n) __________ shop is one in which workers are not required to join a union but must still pay union dues.
industrial
A(n) __________ union is one whose members work at different jobs in the same trade or business.
true
Arbitration places a dispute before a third party for a binding settlement.
It decreases the buying power of the wage
How does inflation affect the minimum wage?
elected union officials
In collective bargaining negotiations, who represents the interests of the workers?
Norway
In which country do workers produce the most per hour on the job?
glass ceiling
organizational barrier to advancement of women and minorities