AnswersCMS 2026-2027 Economics and Personal Finance CREDIT RECOVERYLabor

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1
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If union contracts raise wages above competitive levels, what might be one negative outcome?

A
Employees will be content with their status and thus less likely to join unions.
B
Companies will move overseas to escape unions and hire cheaper labor.
C
Industries will raise salaries for top-level workers but not entry-level workers.
D
Inexperienced workers will lose their jobs to more experienced workers.
2
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Both newspaper journalists and postal workers have been negatively affected by

A
government budget cuts that led to fewer jobs in these fields.
B
competition with cheaper labor performed by overseas workers.
C
declining literacy rates and lack of interest in reading.
D
the popularity of electronic communication and the Internet.
3

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

A
Most states had passed some safety laws, but enforcement varied.
B
Most states opposed safety laws, but workers began to demand them.
C
All states had safety laws, but no one bothered to enforce them.
D
A few states had tried to pass safety laws, but they had no public support.
4

Who benefits most from workplace safety regulations?

A
all workers, who are less likely to miss work because of injury or face high medical bills
B
employers, who are less likely to lose income and productivity due to serious employee injuries
C
qualified workers with disabilities, against whom employers may no longer discriminate
D
rival companies, which gain an advantage by using more cost-effective safety measures
5

One argument in favor of labor unions is that they

A
eliminate unqualified workers.
B
give workers job security.
C
help create many new jobs.
D
support both owners and workers.
6

What is the definition of minimum wage?

A
the lowest hourly pay that workers can receive
B
the starting salary for all new employees
C
the average pay for qualified workers
D
the required pay when an employee is injured
7

What is the most likely reason why many of the New York Factory Investigating Commission’s suggestions were not implemented immediately?

A
Factory owners resisted the suggestions because they would be costly to implement.
B
Most workers outside New York would not have benefited from widespread factory reform.
C
The public did not support new safety regulations until several factory disasters occurred.
D
Many of the suggested changes would have negatively affected the quality of products made in factories.
8

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

A
Employers deserve the same benefits and protections as employees do.
B
Company owners can easily vote government officials out of office.
C
Regulations can be costly and may drive companies out of business.
D
Workers often take advantage of safety and wage laws and regulations.
9

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

A
The healthcare field will create new jobs because more people will need care.
B
There will be far fewer qualified workers to fill positions in the healthcare field.
C
Fewer people will need health care, so there will be a drop in healthcare jobs.
D
Salaries will drop in the healthcare field so that businesses can control costs.
10

What event had an enormous effect on US workplace safety?

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

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