Economics (MindTap Course List)
13th Edition
ISBN: 9781337617383
Author: Roger A. Arnold
Publisher: Cengage Learning
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Question
Chapter 27, Problem 12QP
(a)
To determine
Identify whether the labor unions have any role in a firm’s profit or not.
(b)
To determine
Identify whether the labor unions have any role in the price that consumers pay for a good.
(c)
To determine
Identify whether the labor unions have any role in the wages received by no-union workers.
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Chapter 27 Solutions
Economics (MindTap Course List)
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Similar questions
- Which of the following are reasons why union membership is in decline in the United States? Choose all that apply. a Public opinion of unions has declined as many factories have moved overseas for cheaper labor costs. b Many employers are opposed to their employees joining a union. c Union members generally earn less and have poorer working conditions than those who are not in unions. d Employment patterns have changed in the United States since the time when unions reached their peak.arrow_forwardWorkers walk away from their jobs and refuse to return until the issue at hand has been resolved. This situation best describes which of the following union tactics? Choose one answer .a. Picketing Boycott Strike Lockoutarrow_forwardWhat is the principle strategy of an inclusive (industrial) union in order to increase the wages of its members?arrow_forward
- Explain the craft union model, industrial union model, and demand enhancement model. Give examples of each and discuss the success unions have had in achieving their goals.arrow_forwardTouch upon the idea of how labor unions advocate and defend minimum wage legislation. Research and state whether you believe this to be true or false, defend your position.arrow_forwardWho formed the first unions? a employers who wanted to solve grievances among their employees b unskilled workers in the factory system c desperate workers in terrible conditions d organizations of skilled workers in specific tradesarrow_forward
- What happens when a firm does not agree to the wages the employees of a union demand? Select the correct answer below: Nothing. The union workers do not have the ability to negotiate the salary. Union workers can go on strike demanding higher wages. Nothing. The union wages are based on a contract so they can't negotiate higher wages. The firm does not have the option to disagree, it must meet the wage demands of the union.arrow_forward(a) Would you expect unionization to cause wages to increase, decrease, or remain the same relative to a non-unionized labor equilibrium? (b) Would you expect unionization to cause the quantity of labor employed to increase, decrease, or remain the same relative to a non-unionized labor equilibrium? (c) Offer two ways that unions can increase worker productivity.arrow_forwardContrast the Knights of Labor with the AFL.arrow_forward
- What percentage of wage and salary workers are union members? Is this percentage higher, or is it lower, than in previous decades? Which of the factors explaining the trend do you think is most dominant?arrow_forwardWhich of the following is NOT a way for employees to become unionized? Select one: a. Nonunion employees may organize a union b. Employees covered by a collective bargaining agreement may decide to join the union c. Unionized employees may organize a union d. New employees may be required to join a unionarrow_forwardSome people have argued: "Any gains made by unions in the form of higher wages will create lower wages for non-unionized workers." Leaving aside whether this is actually the case or not, what is the economic logic behind such an argument?arrow_forward
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