Principles of Economics, 7th Edition (MindTap Course List)
7th Edition
ISBN: 9781285165875
Author: N. Gregory Mankiw
Publisher: Cengage Learning
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Question
Chapter 28, Problem 5QCMC
To determine
Increment for unionized workers.
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Firm would hire 20,000 workers if the wage rate is $12 but will hire 10,000 workers ifthe wage rate is $15. Firm B will hire 30,000 workers if the wage is $20 but will hire 33,000workers if the wage is $15. The workers in which firm are more likely to organize and forma union?
How today’s unions help working people
Giving workers the power to improve their jobs and unrig the economy
Americans have always joined together—whether in parent teacher associations or local community organizations—to solve problems and make changes that improve their lives and their communities. Through unions, people join together to strive for improvements at the place where they spend a large portion of their waking hours: work.
The freedom of workers to join together in unions and negotiate with employers (in a process known as collective bargaining) is widely recognized as a fundamental human right across the globe. In the United States, this right is protected by the U.S. Constitution and U.S. law and is supported by a majority of Americans.1
Over 16 million working women and men in the United States are exercising this right—these 16 million workers are represented by unions. Overall, more than one in nine U.S. workers are represented by unions. This representation makes…
2. What are some reasonable goals for a union? Use the tools of supply and demand to explain how a union might pursue its goals, whatever they are. Consider a union that has been in the news recently. What was it trying to accomplish?
Chapter 28 Solutions
Principles of Economics, 7th Edition (MindTap Course List)
Ch. 28.1 - Prob. 1QQCh. 28.2 - Prob. 2QQCh. 28.3 - Prob. 3QQCh. 28.4 - Prob. 4QQCh. 28.5 - Prob. 5QQCh. 28 - Prob. 1QRCh. 28 - Prob. 2QRCh. 28 - Prob. 3QRCh. 28 - Prob. 4QRCh. 28 - Prob. 5QR
Ch. 28 - Prob. 6QRCh. 28 - Prob. 7QRCh. 28 - Prob. 1QCMCCh. 28 - Using the numbers in the preceding question, what...Ch. 28 - Prob. 3QCMCCh. 28 - Prob. 4QCMCCh. 28 - Prob. 5QCMCCh. 28 - Prob. 6QCMCCh. 28 - Prob. 1PACh. 28 - Prob. 3PACh. 28 - Prob. 4PACh. 28 - Prob. 5PACh. 28 - Prob. 6PACh. 28 - Prob. 7PACh. 28 - Prob. 8PACh. 28 - Prob. 9PA
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- D0 countries with a higher percentage of unionized workers usually have less growth in productivity because of strikes and other disruptions caused by the unions? Why or why not?arrow_forwardWhat is the marginal cost of labor for a firm that operates in a competitive labor market? How does this compare with the MCL for a monopsony?arrow_forwardWhat 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_forward
- 15. Unionized workers tend to have higher wages than non-unionized workers in the same industries. Explain why this happens, in your own words.arrow_forwardplease help! they can be short explanations for each J 3. How might each of the following factors affect the power of unions? (a) A state passes a right-to-work law. (b) Foreign imports increase. (c) The national unemployment rate falls. (d) Corporate profits increase.arrow_forward12. Which 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_forward
- Do unions typically oppose new technology out of a fear that it will reduce the number of union jobs? Why or why not?arrow_forwardWhat is the principle strategy of an inclusive (industrial) union in order to increase the wages of its members?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_forward
- What is the primary objective of labor unions? A. Increasing corporate profits B. Reducing government intervention in labor markets C. Negotiating wages and working conditions for their members D. Enhancing consumer satisfactionarrow_forwardPlease help with the attached:arrow_forwardPlease explain impact of labor unions to the labor market with necessary graphsarrow_forward
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