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Suppose a worker feels unhappy with his job and

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238.Suppose a worker feels unhappy with his job and consequently quits. This illustrates: A. the voice mechanism. B. featherbedding. C. the exit mechanism. D. blacklisting. 239.The voice mechanism is important because it may: Assumptions: These two graphs show two sectors of the labor market for a particular kind of labor. Relevant product markets are competitive. The two labor demand curves are identical and initially the quantities of labor employed in the two sectors are L 1 and L' 1 and the wage rate in each sector is Wn .
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240.Refer to the above diagram and assumptions. If a union is formed in sector 1 and the union increases the wage rate from W n to W u , then employment will: 241.Refer to the above diagrams and assumptions. The change in employment in sector 1 to which a W n to W u union wage increase gives rise will cause output in that sector to: 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 . 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: 244.Empirical studies suggest that the efficiency loss associated with the misallocation of labor caused by the union wage advantage is: 245.Critics of unions argue that unions diminish efficiency and productivity by: 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.
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