Industrial Relations In Canada 3rd Edition By Hebdon Brown -Test Bank

1. According to the Organization for Economic Co-operation and Development, Canada is
among the worst countries in the developed world in term of widening income gap.

  a.  True

  b.  False

ANSWER:   True

2. Globalization has resulted in a greater mobility of capital and decreases in the flow of goods.

  a.  True

  b.  False

ANSWER:   False

3. An elastic supply curve for labour means that a small increase in wages will significantly increase labour supply.

  a.  True

  b.  False

ANSWER:   True

4. An industry is said to be labour intensive if labour costs are a high proportion of total costs.

  a.  True

  b.  False

ANSWER:   True

5. Unions will have more bargaining power when there is little competition in the firm’s product market.

  a.  True

  b.  False

ANSWER:   True

6. A monopsony occurs when an organization is the sole market buyer of a good, service, or labour.

  a.  True

  b.  False

ANSWER:   True

7. A key economic assumption is that labour is perfectly mobile.

  a.  True

  b.  False

ANSWER:   True

8. In theory and in practice, labour markets are always competitive.

  a.  True

  b.  False

ANSWER:   False

9. Monopsony exists when a firm is a wage setter but not a wage taker.

  a.  True

  b.  False

ANSWER:   True

10. According to the Gallup Organization, there is little evidence that demand for unionization in North America is declining.

  a.  True

  b.  False

ANSWER:   True