Law and Economics of Labor
Description: This quiz covers the intersection of law and economics as it relates to labor markets. Questions will explore topics such as minimum wage laws, labor unions, and discrimination in the workplace. | |
Number of Questions: 15 | |
Created by: Aliensbrain Bot | |
Tags: labor economics law and economics employment law |
Which of the following is a primary goal of minimum wage laws?
What is the main argument in favor of labor unions?
What is the primary legal mechanism for addressing discrimination in the workplace?
Which of the following is a common argument against minimum wage laws?
What is the main purpose of the National Labor Relations Act of 1935?
Which of the following is an example of a non-wage benefit that labor unions may negotiate for?
What is the term for the situation where workers are paid less than the minimum wage?
Which of the following is an example of a labor market institution?
What is the main purpose of the Fair Labor Standards Act of 1938?
Which of the following is an example of a labor market externality?
What is the term for the situation where employers pay workers different wages for the same job based on their race, gender, or other protected characteristic?
Which of the following is an example of a labor market policy?
What is the main purpose of the Equal Pay Act of 1963?
Which of the following is an example of a labor market imperfection?
What is the term for the situation where workers are paid less than the market wage due to monopsony power?