2. In Canada, if a majority of employees sign authorization cards, the labour relations board typically O A. notifies the employer that a vote will be held. O B. reviews the union application form and then decides whether to hold a representation vote. C. holds a secret-ballot vote. O D. certifies the union without a vote

2. In Canada, if a majority of employees sign authorization cards, the labour relations board typically O A. notifies the employer that a vote will be held. O B. reviews the union application form and then decides whether to hold a representation vote. C. holds a secret-ballot vote. O D. certifies the union without a vote

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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n a closed shop, the company can only employ members of the union, so prospective employees must be a member of the union before being hired. True False
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Occupational Health and Safety Legislation authorizes a) Governments to establish and enforce occupational health and safety standards. b) Unions to establish and enforce occupational health and safety standards. c) Employers to establish and enforce occupational health and safety standards. O d) Individual committees to establish and enforce occupational health and safety standards.
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2) How many employees will the following firm use? This is a perfectly competitive market with a going price of $3, and the firm can sell as many as they want at that price. The wage that has to be paid to the employees is $30 a day. # of workers Output MPL MRP 1 42 2 82 3 100 4 115 125 131 A* Still referring to question 2... What would happen if the workers unionized and negotiated higher pay, now $50 a day? How would this wage increase change your answer from above? Show what this increase in wage would look like graphically. B*Still referring to question two, does the use of each additional worker show the law of diminishing marginal returns? Explain. co
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5. As an employer hires more labor, we expect the marginal revenue product of labor to: a. Increase. b. Decrease. c. Remain constant. d. Impossible to determine. 6. If a firm has market power ( as opposed to being perfectly competitive) and can thus exercise some control over wages, a. It will pay a wages less than MRP. b. it will pay a wage eqaul to MRP. c. it will pay a wage greater than MRP. 7. Rasing the minimum wage will a. Create a surplus of labor. b. raise workers' wages. c. Increase unemployment. d. all of the above. 8. The ease with which people will increase or decrease their income relative to the rest of society is called: a. Income inequality. b. consumption inequality. c. Economic mobility. d. progressive taxation. 9. what is one reason why income inequality in a society might result in economic efficiency? a. it will raise everyone's standard of living equally. b. it will provide an incentive for people to acquire valuable skills. c. it will fully utilize the abilities…