Reference no: EM13697452
1. The Landrum-Griffin Act of 1959 was passed in reaction to:
a. Increased incidence of strikes.
b. Increased incidence of lockouts.
c. The decline on the fraction of the labor force in unions.
d. The increase in the fraction of labor force in unions.
e. Alleged corruption and misconduct by union leaders.
2. Which of the following would not be considered a fringe benefit?
a. Pension
b. Health insurance
c. Life insurance
d. Vacations
e. Overtime
3. The process by which unions and management negotiate a contract is called:
a. Collective bargaining.
b. Litigation.
c. A strike.
d. Mediation.
e. Arbitration.
4. Which of the following is true about mediation and arbitration?
a. Both are always binding
b. Neither is ever binding
c. Only mediation can be binding
d. Only arbitration can be binding
e. Either mediation or arbitration can be binding, depending upon which the union andemployers use first
5. Strikes are costly to:
a. Workers only, since their income falls.
b. Owners only, since output falls.
c. The public only, since output falls.
d. The public and the owners only, since workers are compensated by the union for los income.
e. Workers, owners and the public.
6. As a result of the 1981 PATCO (air traffic controllers) strike:
a. The workweek of air traffic controllers was reduced to 32 hours.
b. The annual pay of air traffic controllers was increased by $10,000.
c. The strikers were fired by President Reagan.
d. Public employees gained the right to strike.
e. Binding arbitration became compulsory for public employee unions
Exchange rate and bop relationship
: Exchange rate and BOP relationship. What happens in the case: Current account deficit of $500 billion, financial account surplus of $300 billion? Ignoring statistical discrepancy, Show in words and a graph what will happen in the following two cases?
|
Considered to be an in-kind transfer payment
: The major social assistance program in the U.S. is: The program that provides funds to single-parent households is called: Which of the following is considered to be an in-kind transfer payment? Which of the following is p an inherently entrepreneuri..
|
Identify the four major tools of monetary policy
: Identify the four major tools of monetary policy. b) Describe how changes in the Fed’s major policy tools lead to [1] expansionary and [2] restrictive or contraction monetary policies. Define the four basic types of trade barriers. b) Who gains and w..
|
Tara enterprises has numerous investments in debt
: Tara Enterprises has numerous investments in debt and equity securities. The controller, James Cameron is preparing its year-end financial statements and is in the process of classifying for the first time the securities in the portfolio.
|
About mediation and arbitration-air traffic controllers
: The Landrum-Griffin Act of 1959 was passed in reaction to: Which of the following would not be considered a fringe benefit? The process by which unions and management negotiate a contract is called: Which of the following is true about mediation and ..
|
Under what condition will this market not unravel
: Consider the market for used cars. Each car on the market has a quality, denoted q, which can take any number between 0 and 10, with equal probability. In other words, q follows a uniform distribution on the interval [0,10].
|
Firms in an industry where the consumer demand function
: There are two firms in an industry where the consumer demand function is: P= 160 – Q/2. The firms produce identical goods, and each firm has a constant marginal cost of $10. They engage in Bertrand competition.
|
When are budget deficits useful to public policy
: When are budget deficits useful to public policy? Explain the role of built-in stabilizers in preventing recession and excessive inflation.
|
In conducting expansionary monetary policy
: In conducting expansionary monetary policy, even if the Federal Reserve Bank is providing reserves to the banking system, during a recession or during periods of slow economic growth, banks may choose not to lend out their reserves when interest rate..
|