What is hobbes social contract theory?

 

1.       The duty of fair representation was created by:

a.       Statute

b.      Judicial decision

c.       Executive order

d.      All othe the above

2.       Under federal legislation, national and international labor organizations must elect officers at least:

a.       Every three years

b.      Every one year

c.       Every five years

d.      Every 10 years

3.       Local unions must hold elections at least every

a.       Three years

b.      One year

c.       Five years

d.      10 years

4.       Section 304 of the Taft-Hartley Act(now section 313 of he Labor Management Relations Act) controls

a.       The administration of welfare programs

b.      Political contribution expenditures by unions

c.       Both a and b

d.      Neither a nor b

5.       Which Act, added the union members Bills of Rights to the National Labor Relations Act

a.       Taft-Hartley

b.      Landrum-Griffin Act

c.       Sherman Act

d.      The Civil Rights Act

6.       Which case determined that a union representing a bargaining unit owes a duty of fair representation to all employees in the bargaining unit?

a.       Steele v. Louisville & Nashville R.R

b.      Hines v. Anchor Motor Freight Inc.

c.       Herman v. Local 1011, United Steelworkers of America

d.      Bollemakers v Hardeman

7.       Which of the following have jurisdiction over claims of the breach of the duty of fair representation?

a.       Federal Courts but not the NLRB

b.      Federal Courts and the NLRB

c.       The NLRB but not the federal courts

d.      Neither the NLRB nor the federal courts

8.       Which legislation is commonly called the union members’ Bill of Rights?

a.       NLRA

b.      EEOC

c.       ADEA

d.      LMRDA

9.       Changes in a union’s constitution must be reported on by the Secretary of Labor

a.       True

b.      False

10.   Under Section 301, of the Labor Management Relations Act, an action can be brought against both the employer and the union.

a.       True

b.      False

 

One number is two more than a second number. Twice the first is 4 less than 3 times the second. Find the numbers.

1.      Define the balance of payments.

2.      Why is it important to examine a country’s balance of payments data?

3.      There are three main category accounts in the U.S. balance of payments: the current account, the capital account, and the statistical discrepancy account. Briefly define these three parts of the BOP.

4.      What is meant by double-entry bookkeeping?

5.      Using the following source: http://www.census.gov/foreign-trade/statistics/historical/gands.pdf, fill in the table below:

6.      Has the current account deficit been increasing or shrinking since 2000? What do you think has been causing this pattern since 2000?

7.      How has the U.S. been able to run current account deficits like what you show in your table above for this time period?

8.      In fact, if you look carefully at the source above, you will notice that the United States has experienced continuous current account deficits since the early 1980s. What do you think are the main causes for the deficits?

9.      In contrast to the U.S., Japan has realized continuous current account surpluses. What could be the main causes for these surpluses?

10.  Is it desirable to have continuous current account surpluses? Why or why not?

11.  Comment on the following statement: “Since the U.S. imports more than it exports, it is necessary for the U.S. to import capital from foreign countries to finance its current account deficits.”

 

12.  What are the benefits and risks of the United States becoming a net debtor nation? 

 

APA REFERENCES REQUIRED