1. Right to work law refers to state law that prohibit union security agreements between companies and labor unions. Under these laws, employees in unionized workplaces are banned from negotiating contracts which require all members who benefit from the union contract to contribute to the costs of union representation.
2. Right to work laws prohibit union security agreements, or agreements between employers and labor unions, that govern the extent to which an established union can require employees membership, payment of union dues, or fees as a condition of employment, either before or after hiring.
3. Right-to-work laws do not aim to provide general guarantee of employment to people seeking work, but rather are a government ban on contractual agreements between employers and union employees requiring workers to pay for the costs of union representation
Thus the statement States with a right-to-work law have a lower rate of unionization because the law makes it more expensive for unions to organize and to bargain is True
State whether the following is true, false or uncertain, and then defend your answer. States with a right-to-work law have a lower rate of unionization because the law makes it more expensive for uni...
True, False, Uncertain State whether each of the following statements is true, false or uncertain. Explain and support your answer. There is not necessarily one right answer to these questions. All the credit is in the explanation (but you must state T, F, or U). The full cost of medical school includes mainly tuition, room, and board for the school. Uncompensated care in the U.S. is entirely subsidized by government programs, namely Medicare and Medicaid. In a DRG payment system, hospitals receive payment...
State True, False or Uncertain, and then defend your position. Your answer to each question should be limited within about 150 words. 10 points) The only way to have continual improvements in the material economic well-being of a society in the long run is to increase labor productivity.
8. True/False. For each of the following decide whether the statement is true, false, or uncertain and explain why. Your explanation is the important part of the answer. a. The growth rate of a product is the sum of the individual growth rates. b. Differences in the quality of institutions are the sole cause of differences in per capita income levels across countries. (Hint: The article, “What Makes Countries Rich or Poor? A Review of Why Nations Fail” by Jared...
Please indicate whether the following statements are True, False or Uncertain. Support your answer with an explanation (one to two sentences) or a diagram. If the benefits of a project exceed its cost, then realizing this project will be a Pareto improvement?
True, False or Uncertain (24 points). State whether the claims in these statements are true, false or ambiguous and explain why. You must provide an explanation to receive any credit. Drawing graphs and arrows only will yield minimum credit. a. “In the Mundell-Fleming (IS*-LM*) Model with fixed exchange rates, a contractionary monetary policy will have no effect on output in the long-run.” (8 points) b. ““Suppose that the equation for the Phillips curve is π = πe – 3(u -...
State with reason whether the following statements are true, false or uncertain 1. a) The least squares estimator always provides unbiased estimates b) The autoregressive model asserts that shocks to an economic variable do not work themselves out in one period c) The Durbin-Watson statistic is a test for autocorrelation in the error term. d) AR(1) errors cause inconsistency in parameter estimation.
1. Explain whether the following statement is true, false, or uncertain. Be explicit about your assumptions. Support your answer by a graph. "If a person is a lender and the interest rate rises, he or she will remain a
For this section, write whether the statements are True or False or Uncertain (if you say uncertain, have enough evidence to back your answer just as much as the true or false responses). Explain your answer and use diagrams where necessary. (a) A uniform monopolist has an upward sloping MC curve. Claim: A price ceiling set below the monopoly price will increase welfare more than monopoly profits. Assume no shut down of the monopoly. (b) A consumer with perfectly inelastic...
Indicate whether you think the following statements are true, false or uncertain. Support your answer by giving all necessary reasoning and calculations: b) According to the quantity theory of money, “inflation is always and everywhere a monetary phenomenon.”
. For each statement below, state whether it is true, false, or uncertain. Explain your answer. a. An unemployment rate that is close to zero indicates that the economy is strong b. An economy's inflation rate can be calculated as the year-to-year percentage change in its GDP deflator or its CPI. Both methodologies however lead to the same inflation rate c. High structural unemployment could eventually lower the labor force participation rate d. Suppose you find that Uganda's Lorenz curve...