: uestion 1 Tight zoning laws may result in higher coats of finding and purchasing or renting a new home, which in turn can effectively narrow the labor market. This is an example of an intellectual property restriction “Job Lock market concentration a regulatory barrier to worker mobility
Question 2 Which of the following is a regulatory barrier to worker mobility? occupational licensing child care costs family ties to a specific local area all of the above
Question 3 Price-fixing in labor market is illegal and falls under U.S. antitrust laws. Price-fixing is a form of regulatory barrier to worker mobility employer collusion search cost statistical discrimination
Question 4 Why did Stoughton Trailers decide to hire prisoners at full market wages? Prison labor is cheaper and it s the company’s bottom line. The local labor market was too tight Local workers are overqualified The local unemployment rate was too high
Question 5 Why do Shrimp boat operators rely on foreign workers? They can pay foreign workers less than the minimum wage The local unemployment rate is too high O Locals tend to last only a few days before they quit. Safety regulations on boats are not as tight for foreign workers
Question 6 Which of the following are sources of monopsony power in labor markets? Select all that apply. Market concentration Non-compete agreements Strong Labor Unions Employer-sponsored health insurance gh local minimum wages Employer collusion
Question 7 Non-compete agreements are designed to O Prevent international competition to move jobs overseas Prevent workers with trade secrets to transferring intellectual property to a competing firm Divide up market share between two competing companies Encourage teamwork and prevent competition between employees