Refer to the above diagrams and assumptions if all

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242. Refer to the above diagrams and assumptions. If all the workers who lose their jobs in the union sector because of a W n to W u union wage increase are reemployed in nonunion sector 2, output in that sector will: A. decrease by F + G . B. increase by F + G . C. increase by E + F . D. increase by E . AACSB: Reflective Thinking Skills Blooms: Analysis Learning Objective: 13-7 McConnell - Chapter 13 #242 Status: New Topic: Labor unions and their impacts 243. Refer to the above diagrams and assumptions. This analysis suggests that a union wage advantage of W u minus W s causes a net efficiency: AACSB: Reflective Thinking Skills Blooms: Analysis Learning Objective: 13-7 McConnell - Chapter 13 #243 Status: New Topic: Labor unions and their impacts 244. Empirical studies suggest that the efficiency loss associated with the misallocation of labor caused by the union wage advantage is: AACSB: Reflective Thinking Skills Blooms: Knowledge Learning Objective: 13-7 McConnell - Chapter 13 #244 Status: New Topic: Labor unions and their impacts
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245. Critics of unions argue that unions diminish efficiency and productivity by: AACSB: Reflective Thinking Skills Blooms: Understanding Learning Objective: 13-7 McConnell - Chapter 13 #245 Status: New Topic: Labor unions and their impacts 246. Which of the following statements is correct ? A. There is clear evidence that unions have increased the average level of real wage rates for all workers. B. When fringe benefits are taken into account, the overall compensation of union and nonunion workers is equal. C. Approximately 10 percent of all work time is lost annually because of strikes. D. Featherbedding means that unions may require employers to hire unneeded workers. AACSB: Reflective Thinking Skills Blooms: Knowledge Learning Objective: 13-7 McConnell - Chapter 13 #246 Status: New Topic: Labor unions and their impacts 247. Which one of the following research findings is most consistent with the hypothesis that unions increase productivity? AACSB: Reflective Thinking Skills Blooms: Understanding Learning Objective: 13-7 McConnell - Chapter 13 #247 Status: New Topic: Labor unions and their impacts 248. Since the mid-1950s, union membership has declined as a percentage of employed wage and salary workers.
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