7) If a union negotiates and obtains a wage rate above the competitive wage rate,
A) it must find a way to make workers more productive.
B) employment in the union sector will increase relative to employment in the nonunion sector.
C) it must find a way to ration jobs among the excessive number of workers who wish to work in the union sector.
D) unemployment will increase in the nonunion sector relative to the union sector.
8) If a union establishes by collective bargaining a wage rate that is above a competitive market equilibrium wage rate, then
A) an excess quantity of labor will be supplied.
B) a shortage of labor will result.
C) there will be an increase in total employment.
D) management will want to substitute labor for machinery.
9) If a union sets the wage rate to maximize the total wage receipts of its members, the price elasticity of demand for labor would be
B) numerically equal to 1.
C) finite, but greater than -1.
D) positive, but less than 1.
10) If a union sets the wage rate to maximize the total wage receipts of its members, the marginal revenue would be
C) positive, but greater than 1.
D) positive, but less than 1.
11) A union can induce a rise in equilibrium wages in a unionized industry by
A) not striking.
B) successfully increasing the demand for union labor.
C) successfully decreasing the demand for union labor.
D) reducing the marginal revenue product of firms employing union labor.
12) When a group of workers forms a union, they introduce an element of
A) pure competition into the labor market.
B) monopoly into the labor market.
C) monopoly into the product market.
D) monopsony into the product market.
13) If a union succeeds in increasing the wage rate by restricting labor supply, then
A) all of its members will be better off.
B) some members may lose their jobs.
C) all of its members will be worse off.
D) more of its members will be employed.
14) If a union wishes to maximize the number of union members employed, it will
A) accept the competitive wage.
B) set a wage below the competitive wage.
C) set a wage where the elasticity of demand for labor equals one.
D) set a wage above the competitive wage.
15) Consider the above figure, which displays the situation faced by a union employed by a firm with the labor demand curve D. This union has total membership of Q3 workers, but its single wage setting goal is to maximize wages for the Q1 members with the most seniority. If the union managers accomplish this goal, what occurs?
A) All of the union members will be employed at the wage rate W3.
B) All of the union members will be employed at the wage rate W1.
C) The senior members of the union will receive a wage equal to W3, but Q3 union members will be unemployed.
D) The select group of senior union members will have work and receive a wage of W3, but Q3 -Q1 union members will not be employed by the firm.
16) In the above figure, if the union has Q2 members and wants to ensure that all members have jobs, it will set wage equal to
D) none of the above.
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