Industrial Relations in Canada 3rd Edition By Robert Hebdon-Test Bank

Exam Bank For Work Relations in Canada 3rd Edition By Robert Hebdon

1. As per the Organization for Economic Co-operation and Development, Canada ranks poorly in the developed sphere in relation to income inequality expansion.
a. Yes
b. No

ANSWER: Yes

2. The phenomenon of globalization has led to increased capital mobility and reduced flow of commodities. a. Yes

b. No

ANSWER: No

3. A flexible labor supply curve suggests that a slight increase in wages will substantially boost the labor supply. a. Yes

b. No

ANSWER: Yes

4. An industry is characterized as labor-intensive if labor expenditures represent a substantial portion of overall costs. a. Yes

b. No

ANSWER: Yes

5. Unions possess more negotiating leverage in scenarios with minimal competition in the firm’s product market. a. Yes

b. No

ANSWER: Yes

6. A monopsony emerges when an entity serves as the exclusive purchaser in a market for a commodity, service, or labor. a. Yes

b. No

ANSWER: Yes

7. A fundamental economic presumption is that labor is perfectly transferable. a. Yes

b. No

ANSWER: Yes

8. Labor markets are inherently competitive in both theory and practice. a. Yes

b. No ANSWER: No

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9. Monopsony is observed when a company sets wages rather than accepting prevailing market rates. a. Yes

b. No

ANSWER: Yes

10. According to the Gallup Organization, there is scant proof indicating a decrease in the desire for unionization in North America.

a. Yes b. No

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