Economics Principles & Practices

Chapter 8: Employment, Labor, and Wages

Self-Check Quizzes

1
The study of labor is part of _______________, the branch of economics that deals with the economy as a whole, including employment, GDP, inflation, economic growth, and the distribution of income.
A)macroeconomics
B)microeconomics
C)fiscal policy
D)labor economics
2
A law making it illegal to force workers to join a union as a condition for employment was a provision of ____________.
A)the Wagner Act
B)the Clayton Act
C)the Taft-Hartley Act
D)the NLRA
3
The National Labor Relations Act established ___________.
A)right-to-work laws
B)the right to have nonunion shops
C)the right of unions to collective bargaining
D)the minimum wage act
4
The ____________ is a situation in which the employer agrees to hire only union members.
A)union shop
B)closed shop
C)agency shop
D)trade shop
5
The ____________ is an agreement that does not require a worker to join a union as a condition to get or keep a job, but does require the worker to pay union dues to help pay collective bargaining costs.
A)agency shop
B)union shop
C)trade shop
D)collective shop
6
Under extreme circumstances, the government may resort to __________, a temporary takeover of operations, to allow the government to negotiate with the union.
A)arbitration
B)injunction
C)expropriation
D)seizure
7
The traditional theory of _________ includes the explanation that the supply and demand for a worker's skills and/or services determines the wage or salary.
A)wage determination
B)negotiated wages
C)labor mobility
D)labor signaling
8
The category of __________ labor includes workers with enough mechanical abilities and skills to operate machines that require a minimum amount of training.
A)unskilled
B)professional
C)skilled
D)semi-skilled
9
A __________ is a wage, fringe benefit, or work rule given up when labor contracts are renegotiated.
A)wage rate
B)giveback
C)minimum wage
D)set-aside contract
10
Women and minorities often feel that their difficulties in getting raises and promotions are like encountering a _____________, an invisible barrier that hinders their advancement up the white male-dominated corporate ladder.
A)road block
B)black ceiling
C)ladder rung
D)glass ceiling
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