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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

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91236890

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