Which of the following best explains the purpose of a worker slowdown?
Which describes a lockout? An employer prevents workers from entering their workplace. Which best explains the purpose of a worker slowdown? Demonstrate the importance of worker-employer cooperation.
Which of the following best explains what happens when workers join a labor union?
Which best explains what happens when workers join a labor union? The workers get greater bargaining power.
Which of the following best explains why the law of supply and demand has an effect on labor market?
Which best explains why the law of supply and demand has an effect on the labor market? Labor is a commodity. Which states one reason why the labor market isn't a completely free market? Workers can't always change jobs when they want to.
When immigration adds to the size of the domestic labor pool which is likely to occur?
When immigration adds to the size of the domestic labor pool, which is likely to occur? minimum wage increases.
What is one way that businesses can improve the labor productivity of their workforce through human capital?
Business and government can increase labor productivity of workers by direct investing in or creating incentives for increases in technology and human or physical capital.
Which of the following best explains one of the restrictions on producers that keeps the labor?
Which best explains one of the restrictions on producers that keep the labor market from being a completely free market? Workers aren't always available where they're needed.
What was the most important accomplishment of the labor movement?
The crowning achievement of the American union movement came in 1938 with the signing of the Fair Labor Standards Act, which guaranteed a minimum wage, an eight-hour workday, a 40-hour workweek, and time-and-a-half overtime.
Which of the following will happen to the manufacturing labor market if manufacturing workers formed a union?
When a union is established in the manufacturing labor market, this causes the wage to rise but demand and supply remain unaffected. Therefore, the quantity of labor demanded falls and the quantity of labor supplied rises, causing some workers to become unemployed in the unionized manufacturing sector.
Which of the following factors will cause the demand curve for Labour to shift to the right?
An increase in the number of companies producing a given product will increase the demand for labor resulting in a shift to the right. A decrease in the number of companies producing a given product will decrease the demand for labor resulting in a shift to the left.
Which of the following will occur in a given labor market when the wage rate rises?
There is a positive relationship between the wage rate and the quantity of labor supplied. Which of the following will occur in a given labor market when the wage rate rises? A decrease in the product price will decrease the demand for factors used to produce that product.
How does immigration of workers affect labor supply labor demand the marginal product of labor and the equilibrium wage?
Immigration affects the labour supply, as it increases the pool of workers in certain sectors of the economy. At the same time, immigration is likely to increase the demand for labour, as migrants expand consumer demand for certain goods and services.
Which of the following factors of productivity growth helps to promote the development of new forms of business organization?
Which of the following factors of productivity growth helps to promote the development of new forms of business organization? Technological advance.
How can productivity be increased in production?
How to Improve Productivity & Efficiency in Manufacturing
- Examine Problems as a Team. …
- Prioritize Employee Training. …
- Invest in Better Tools. …
- Ongoing Machine Maintenance. …
- Optimize Your Inventory. …
- Data Tracking. …
- Streamline Supplier Communication. …
- Automate Processes.
Which of the following is a restriction on both workers and producers that keeps the labor market from being a complete free market?
Which of the following is a restriction on both workers and producers that keeps the labor market from being a completely free market? Answer: Minimum Wage. Explanation: Minimum wage requires businesses to pay it's employees a livable wage.
Which of the following best describes the effect of outsourcing on the labor market in United States?
Which best describes the effect of outsourcing on the labor market in the United States? Competition for jobs increases and wages go down.
What led to the labor movement?
The labor movement in the United States grew out of the need to protect the common interest of workers. For those in the industrial sector, organized labor unions fought for better wages, reasonable hours and safer working conditions.
What are 3 key events during the labor movement?
Here are some key events in labor history:
- The Battle of Cripple Creek. …
- 1892 Homestead Strike. …
- McKees Rock Strike. …
- The Triangle Shirtwaist Fire. …
- Atlanta's Washerwomen Strike. …
- Lowell Mill Women Create First Union of Working Women. …
- The Great Postal Strike of 1970.
Which of the following is a requirement for the Bureau of Labor Statistics to place someone in the unemployed category?
d. The person must have been available for work. Who of the following would be included in the Bureau of Labor Statistics' "unemployed" category?
Which of the following was a cause of the labor movement?
Contents. The labor movement in the United States grew out of the need to protect the common interest of workers. For those in the industrial sector, organized labor unions fought for better wages, reasonable hours and safer working conditions.
Which of the following factors will cause the demand curve for labour to shift to the left?
An increase in the number of companies producing a given product will increase the demand for labor resulting in a shift to the right. A decrease in the number of companies producing a given product will decrease the demand for labor resulting in a shift to the left.
Which of the following factors could shift the demand for Labour?
If either worker productivity or the price of the good or service being created change, the demand curve for labor will shift as firms recalculate the value the workers will bring from their labor.
Which of the following will occur in the Labour market if the wage rate increases quizlet?
There is a positive relationship between the wage rate and the quantity of labor supplied. Which of the following will occur in a given labor market when the wage rate rises? A decrease in the product price will decrease the demand for factors used to produce that product.
What is required for perfect competition in Labour market?
A perfectly competitive labor market has the following characteristics (1) a large number of firms competing to hire a specific type of labor, (2) numerous people with homogeneous skills who independently supply their labor services, (3) wage taking behavior, and (4) perfect, costless information and labor mobility.
What are the factors that affect the supply of Labour?
Factors that affect the supply of labour include:
- Pay and remuneration;
- Working conditions;
- Human capital, skills, experience and education and training levels;
- Occupational and geographical mobility of labour; and.
- The participation rate.
What are the 4 factors affecting the demand for labor?
There are four main determinants of the elasticity of demand for labour:
- The availability of substitutes.
- The elasticity of demand for the products.
- The proportion of labour cost.
- The elasticity of supply of substitutes inputs.
What is productive development?
The headings and levels excavated in a coal seam, preparatory to opening out working faces. These drivages are planned to prove and render accessible the maximum area of coal for the minimum yardage of development work.
What is importance of productivity?
With growth in productivity, an economy is able to produce—and consume—increasingly more goods and services for the same amount of work. Productivity is important to individuals (workers and consumers), business leaders, and analysts (such as policymakers and government statisticians).
What are the factors affecting productivity?
Factors That Affect Productivity
- Work Environment. As you can imagine, no one enjoys working in a negative or toxic environment. …
- Training & Career Development Opportunities. …
- Processes. …
- Pay Structure. …
- Employee Wellness. …
- Diversity. …
- Technology And Production Factors. …
- Tools.
Which of the following explains what would likely happen if production and consumption of public goods were left to the free market?
Which of the following explains what would likely happen if production and consumption of public goods were left to the free market? Public goods would be underproduced.
Why is outsourcing necessary describe the benefits of outsourcing?
Benefits of outsourcing include lower labor costs, less strict regulations, flexibility, reduced overhead, and the ability for the home office to focus on what it does best while letting others do the more low-level work. Ideally, outsourcing will lead to lower expenses, increases in productivity, and greater profits.