- 15.1: Table 15.6 shows the quantity demanded and supplied in the labor ma...
- 15.2: Do unions typically oppose new technology out of a fear that it wil...
- 15.3: Compared with the share of workers in most other high-income countr...
- 15.4: Are firms with a high percentage of union employees more likely to ...
- 15.5: Do countries with a higher percentage of unionized workers usually ...
- 15.6: Explain in each of the following situations how market forces might...
- 15.7: Does the earnings gap between the average wages of females and the ...
- 15.8: If immigration is reduced, what is the impact on the wage for low-s...
- 15.9: What is a labor union?
- 15.10: Why do employers have a natural advantage in bargaining with employ...
- 15.11: What are some of the most important laws that protect employee rights?
- 15.12: How does the presence of a labor union change negotiations between ...
- 15.13: What is the long-term trend in American union membership?
- 15.14: Would you expect the presence of labor unions to lead to higher or ...
- 15.15: What are the main causes for the recent trends in union membership ...
- 15.16: Describe how the earnings gap between men and women has evolved in ...
- 15.17: Describe how the earnings gap between blacks and whites has evolved...
- 15.18: Does a gap between the average earnings of men and women, or betwee...
- 15.19: Will a free market tend to encourage or discourage discrimination? ...
- 15.20: What policies, when used together with antidiscrimination laws, mig...
- 15.21: Describe how affirmative action is applied in the labor market.
- 15.22: Have levels of immigration to the United States been relatively hig...
- 15.23: How would you expect immigration by primarily low-skill workers to ...
- 15.24: What factors can explain the relatively small effect of low-skilled...
- 15.25: Are unions and technological improvements complementary? Why or why...
- 15.26: Will union membership continue to decline? Why or why not?
- 15.27: If it is not profitable to discriminate, why does discrimination pe...
- 15.28: If a company has discriminated against minorities in the past, shou...
- 15.29: If the United States allows a greater quantity of highly skilled wo...
- 15.30: If all countries eliminated all barriers to immigration, would glob...
Solutions for Chapter 15: Issues in Labor Markets: Unions, Discrimination, Immigration
Full solutions for Principles of Economics | 1st Edition
Solutions for Chapter 15: Issues in Labor Markets: Unions, Discrimination, ImmigrationGet Full Solutions
the subfield of economics that integrates the insights of psychology
the limit on the consumption bundles that a consumer can afford
balances in bank accounts that depositors can access on demand by writing a check
a severe recession
individuals who would like to work but have given up looking for a job
a situation in which the market price has reached the level at which quantity supplied equals quantity demanded
law of supply
the claim that, other things being equal, the quantity supplied of a good rises when the price of the good rises
law of supply and demand
the claim that the price of any good adjusts to bring the quantity supplied and the quantity demanded for that good into balance
the costs of changing prices
a monopoly that arises because a single firm can supply a good or service to an entire market at a smaller cost than could two or more firms
whatever must be given up to obtain some item
an absolute level of income set by the federal government for each family size below which a family is deemed to be in poverty
a person for whom another person, called the agent, is performing some act
the amount of a good that buyers are willing and able to purchase
the equation M × V = P × Y, which relates the quantity of money, the velocity of money, and the dollar value of the economy’s output of goods and services
a period of falling output and rising prices
the organized withdrawal of labor from a firm by a union
a worker association that bargains with employers over wages, benefits, and working conditions
costs that vary with the quantity of output produced
willingness to pay
the maximum amount that a buyer will pay for a good
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