AnswersPersonal Financial and Money Management 21023710 BCPS 2026-27Labor

Labor Answers

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1
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Both newspaper journalists and postal workers have been negatively affected by

A
the popularity of electronic communication and the Internet.
B
declining literacy rates and lack of interest in reading.
C
government budget cuts that led to fewer jobs in these fields.
D
competition with cheaper labor performed by overseas workers.
2
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What event had an enormous effect on US workplace safety?

A
a new minimum wage
B
the first labor union
C
a worker strike
D
a deadly factory fire
3

New YorkPennsylvaniaMassachusettsNew Jersey

A
New York
B
Pennsylvania
C
Massachusetts
D
New Jersey
4

What is the definition of collective bargaining?

A
ongoing salary negotiations between an employee and a factory owner
B
an agreement among a group of factory owners to raise worker wages
C
a written set of guidelines about legal and illegal workplace conditions
D
labor union and employer negotiations about wages and other issues
5

Minimum wageChild laborUnion membershipWorkers’ compensation

A
Minimum wage
B
Child labor
C
Union membership
D
Workers’ compensation
6

How will an increase in the percentage of older Americans affect the healthcare field?

A
There will be far fewer qualified workers to fill positions in the healthcare field.
B
Salaries will drop in the healthcare field so that businesses can control costs.
C
The healthcare field will create new jobs because more people will need care.
D
Fewer people will need health care, so there will be a drop in healthcare jobs.
7

What is one benefit for US workers who have a college degree rather than a high school diploma?

A
More than 80 percent of jobs require a college degree.
B
Those with a college degree report higher job satisfaction.
C
Most workers with a college degree are immune to layoffs.
D
Those with a college degree earn nearly twice as much as those without college.
8

What was the status of US workplace safety laws in 1900?

A
A few states had tried to pass safety laws, but they had no public support.
M
Most states had passed some safety laws, but enforcement varied.
M
Most states opposed safety laws, but workers began to demand them.
A
All states had safety laws, but no one bothered to enforce them.
9

Why must the government consider companies’ needs as well as those of workers?

A
Workers often take advantage of safety and wage laws and regulations.
B
Company owners can easily vote government officials out of office.
C
Employers deserve the same benefits and protections as employees do.
D
Regulations can be costly and may drive companies out of business.
10

If union contracts raise wages above competitive levels, what might be one negative outcome?

I
Industries will raise salaries for top-level workers but not entry-level workers.
C
Companies will move overseas to escape unions and hire cheaper labor.
I
Inexperienced workers will lose their jobs to more experienced workers.
E
Employees will be content with their status and thus less likely to join unions.

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