Refer to the above diagram assuming no union or

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87. Refer to the above diagram. Assuming no union or relevant minimum wage, the firm represented will hire: A. Q 2 workers and pay a W 4 wage rate. B. Q 2 workers and pay a W 1 wage rate. C. Q 3 workers and pay a W 2 wage rate. D. Q 4 workers and pay a W 1 wage rate. AACSB: Reflective Thinking Skills Blooms: Analysis Learning Objective: 13-3 McConnell - Chapter 13 #87 Topic: Monopsony and imperfectly competitive labor markets 88. Refer to the above diagram. An industrial (inclusive) union could increase employment in this labor market: AACSB: Reflective Thinking Skills Blooms: Analysis Learning Objective: 13-3 McConnell - Chapter 13 #88 Topic: Monopsony and imperfectly competitive labor markets
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89. Refer to the above diagram. An industrial union could maximize employment by negotiating a wage rate of: AACSB: Reflective Thinking Skills Blooms: Analysis Learning Objective: 13-3 McConnell - Chapter 13 #89 Topic: Monopsony and imperfectly competitive labor markets 90. Which of the following tactics is most associated with the demand-enhancement union model? AACSB: Analytical Skills Blooms: Knowledge Learning Objective: 13-4 McConnell - Chapter 13 #90 Topic: Union models and licensure 91. The United Mine Workers is a good illustration of: A. how unions have increased wages but reduced job opportunities by shifting the supply-of-labor curve to the left. B. how unions have raised wages and increased job opportunities by increasing the demand for labor. C. inclusive unionism. D. exclusive unionism. AACSB: Reflective Thinking Skills Blooms: Application Learning Objective: 13-4 McConnell - Chapter 13 #91 Topic: Union models and licensure 92. Which of the following unions best represents the exclusive unionism model? AACSB: Reflective Thinking Skills Blooms: Knowledge Learning Objective: 13-4 McConnell - Chapter 13 #92 Topic: Union models and licensure
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