�建 Microsoft Office Word 97-2003 �档

�建 Microsoft Office Word 97-2003 �档...

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1 . If a single large employer bargains with an inclusive union, the resulting labor market model can best be described as: countervailing power. a bilateral monopoly. an internal labor market. a cartel. 2. Independent unions: have about the same combined membership as the AFL-CIO. include the United Autoworkers and United Steelworkers. have greater combined membership than the AFL-CIO. are not affiliated with the AFL-CIO. 3. The principal-agent problem in labor markets arises because of the possibility of shirking by workers. True False 4. Which of the following is correct ? Both the nominal and the real wage must always rise. The nominal and the real wage may both fall. The nominal wage may fall, but the real wage can never decline. The real wage may fall, but the nominal wage can never decline. 5. One of the potential negative side-effects of pay in the form of sales commissions is:
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increased volatility of sales revenue for the firm.
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Unformatted text preview: an increased likelihood of shirking by workers. the potential that pay levels may get so high that they will increase a firm's marginal wage cost more than its marginal revenue product. a greater incentive for sales people to engage in unethical or fraudulent sales practices that may eventually cause legal problems for the firm. 6. Suppose that under its collective bargaining agreement the ABC Corporation can hire nonunion workers, but such workers must join the union within 30 days. This agreement embodies: a closed shop. an agency shop. an open shop. a union shop. 7. The idea of efficiency wages is that: workers are more diligent when paid below-equilibrium wages. firms might get greater work effort by paying above-equilibrium wage rates. the wages of each type of labor must be proportionate to their marginal products. the wages of each type of labor must be equal to their marginal products....
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This note was uploaded on 05/23/2011 for the course RBS 10 taught by Professor Ujlee during the Fall '11 term at Hogeschool Gent.

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�建 Microsoft Office Word 97-2003 �档...

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