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1. In response to Intensifying competition due to globalization and deregulation, U.S. employers sought to reduce...

1. In response to Intensifying competition due to globalization and deregulation, U.S. employers sought to reduce their labor costs by all of the following EXCEPT:   _____.

           a. moving production to law wage countries

           b. promoting right-to work legislation

           c. strengthening government regulation

           d. utilizing more part-time and contract employees

2. The World Trade Organization has been criticized for ________.

           a. taking a largely free-trade philosophy over a fair-trade philosophy

           b. failing to reduce trade barriers that encourage free trade

           c. imposing harsh penalties on countries that fail to protect labor and environmental

                interests

           d. imposing sanctions on countries that set up barriers to free trade

3. When a foreign competitor is able to unfairly sell a product at a lower price because it receives subsidies from the host government or exploits, lower labor or lower environmental standards, it is called: _______
            a. Free market competition
            b. Competitive advantage
            c. Enterprise unionism
            d. Social dumping

4. All the following are potential pitfalls of privatization EXCEPT ______.

            a. Overstated cost savings

            b. Poor quality of service

            c. Increased accountability and authority

            d. Increased unemployment

5. All the following are consequences of right-to-work laws EXCEPT ____________.

           a. Internal divisions within the unions

           b. Less dues revenue

           c. Unions less able to oppose a conservative political agenda

          d. Increased earnings for worker in right-to-work states

6. What are the benefits and problems associated with international trade

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Answer #1

1. The correct option is c. strengthening government regulation

2. The correct option is a. Taking a largely free-trade philosophy over a fair trade philosophy.

3. The correct option is D. Social dumping

4. The correct option is c. Increased accountability and authority

5. The correct option is d. Increased earnings for worker in right-to-work states

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