65) Over the last three decades the “college premium” has ________ because of ________. A) increased; technological advances B) decreased; technological advances C) increased; racial and gender discrimination D) decreased; laws that prohibit discrimination 66) The unionization rate of private sector workers is about A) 8.2%. B) 12.5%. C) 35.5%. D) 37.7%. 67) The unionization rate of public sector workers is about A) 10.3%. B) 17.1%. C) 24.4%. D) 39.8%. 68) Which of the following statements is correct? A) For the United States union workers earn 10 to 20% more than nonunion workers doing the same work. B) Most other industrialized countries have a larger union markup. C) The union markup is relatively small for unionized firms in a competitive market. D) none of the above 69) If a union is successful in increasing wages it may find that A) demand for workers falls. B) demand for workers increases. C) the price of union-made goods falls. D) the demand for union-made goods rises. 70) Which of the following statements about featherbedding is correct? A) It may or may not increase the demand for labor. B) It may or may not increase wages. C) It forces a firm to hire more workers than it needs. D) all of the above 71) Which of the following statements about featherbedding is correct? A) It could increase production costs resulting in higher prices for products. B) The quantity of labor demanded by firms could actually decrease. C) It could lead to a lower wage and smaller employment in the long-run. D) all of the above 72) The practice of featherbedding is intended to help unions A) reduce the tradeoff between higher wages and fewer jobs. B) negotiate for higher wages by assuring more efficient labor practices. C) increase membership by guaranteeing job growth. D) defeat “right-to-work” laws. 73) Which of the following is a possible benefit of labor unions? A) It may facilitate a smooth relationship between labor and management. B) It may provide workers an intermediary to discuss job issues with managers. C) It may lead to an increase in productivity. D) all of the above 74) Which of the following is a possible benefit of labor unions? A) It may help firms to retain a more experienced workforce. B) It may help firms reduce training costs of new employees. C) It may facilitate communications between workers and managers. D) all of the above
