Ünite Sınavı Soruları

I. According to the official statistics, union density in Türkiye is high

II. Unions can increase labor demand by increasing labor productivity

III. Unions may increase labor demand by increasing demand for the goods they produce via lobbying

Which of the sentences given above is true about unions?

In a particular industry, labor supply is given by: E=200+4w; while labor demandisgiven by: E=500-6w. 

What is the equilibrium wage and employment if the labor market is competitive?

What is the demand for labor curve of competitive firm in the short-run equal to?

Why is the equilibrium wage rate is called market-clearing wage rate?

Why are the firms and workers in competitive markets called as wage-takers?

Which of the following is not true for labor market equilibrium?

I. A change in preferences towards work over leisure increases labor supply, and the supply curve shifts to the right

II. An increase in the wage rates of other jobs decreases the labor supply in a particular labor market, and the supply curve shifts to the left

III. An advancement of non-wage job characteristics increases labor supply, and the supply curve shifts to the right.

IV. An increase in the number of workers, increase labor supply, shifting the supply curve to the right

Which of the following statements about labor supply is accurate?

Which of the is not the one of the assumptions of a perfectly competitive labor market?

I. If output price increases, the demand curve shifts to the right

II. Holding the employment level created by other firms constant, if the number of buyers of labor increases, the demand curve shifts to the left

III. Given the output price, if the marginal product of labor increases, and the demand curve shifts to the right

IV. If it is a substitute, labor demand decreases, and the demand curve shifts to the left

Which of the following statements about labor demand is accurate?

I. There are many workers and they are homogenous

II. Neither firms nor workers have the market power to determine the wage, they are wage-takers

III. Workers and firms have perfect information

IV. Workers are completely mobile across firms

Which of the statements mentioned above are considered as assumptions about a labor market that operates under perfect competition?

Which of the following is not true for perfectly competitive goods and labor markets firms?

In a particular industry, labor supply is given by: E=100+3w; while labor demand is given by: E=300-2w. 

Suppose the government sets a minimum hourly wage of 50 TL. What is number of unemployed individuals?

Which of the following play a key role in both in terms of a firm’s hiring decision and a person’s working decision?

What is the implication of being wage-takers for the firm?

If there is a surplus of labor, which of the following is likely to happen?

The introduction of ___________________ aims to sustain a wage level that is needed to cover the bare necessities of life. It also protects workers from being exploited by employers, particularly disadvantaged groups like women, youth, and minorities.

Which one of the following options correctly fills in the blank?

Which of the following is incorrect about perfect competition and monopoly in the goods market?

When we first analyze the labor market equilibrium, which of the following market structure is assumed for labor markets?

The wage rate at which demand equals supply is ______________________.

Which one of the following options correctly fills in the blank?

Which of the following is the relationship between MRP (Marginal Revenue Product) and VMP (Value of the Marginal Product) under the assumption of perfect competition?