BSED Major in Social Studies 2
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    BSED Major in Social Studies 2

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    These materials provide lecture notes, quizzes, and resources for BSED Social Studies students, covering key topics such as history, geography, economics, and political science. Marjhon Mascardo shares a personal note, reflecting on his college jour...

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    Soc Sci 4 #14

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    QUIZ.SOCSCI 4.014.LABOR ORGANIZATION AND WAGES
    1. What is the primary purpose of collective bargaining in labor relations?
    A. Aiding employers in maximizing profits
    B. Advocating for unfair labor practices
    C. Safeguarding workers' interests and negotiating agreements
    D. Facilitating discrimination in the workplace
    Answer: C
    Explanation:
    Collective bargaining is a process where representatives of workers and employers negotiate to reach agreements on wages, working conditions, and other employment terms. Its primary goal is to protect and promote workers' interests while ensuring fair labor practices.
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    2. Which factor is NOT typically considered a determinant of wages?
    A. Market conditions
    B. Skill levels
    C. Political affiliations
    D. Economic climate
    Answer: C
    Explanation:
    Wages are determined by factors such as market supply and demand, workers' skills, and the broader economic environment. Political affiliations are unrelated to wage determination in most economic contexts.
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    3. According to the marginal productivity theory, how are wages determined?
    A. By workers' bargaining power
    B. Based on the cost of living
    C. According to the value of their contribution to production
    D. Through government regulations
    Answer: C
    Explanation:
    The marginal productivity theory states that wages are determined by the additional value (or marginal product) a worker adds to the production process. Employers pay workers based on their productivity to maximize profits.
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    4. What does the Lorenz Curve illustrate in economic terms?
    A. Inflation rates
    B. Income distribution inequality
    C. Gross domestic product (GDP)
    D. Labor force participation rates
    Answer: B
    Explanation:
    The Lorenz Curve is a graphical representation of income inequality. It shows the proportion of total income earned by cumulative percentages of the population, highlighting disparities in income distribution.
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    5. Which type of wage is influenced by factors beyond market forces, such as worker morale and productivity?
    A. Nominal wage
    B. Real wage
    C. Minimum wage
    D. Efficiency wage
    Answer: D
    Explanation:
    The efficiency wage is a theory suggesting that employers may pay higher-than-market wages to increase productivity, boost morale, and reduce turnover, rather than relying solely on supply and demand.
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    6. What is the primary goal of labor unions in the context of the labor market?
    A. Minimizing workers' rights
    B. Improving working conditions and wages through collective action
    C. Advocating for unfair labor practices
    D. Facilitating income inequality
    Answer: B
    Explanation:
    Labor unions are organizations formed to represent workers in negotiations with employers. Their primary focus is improving wages, benefits, and working conditions while advocating for workers' rights.
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    7. According to modern economic theories, what does the efficiency wage theory emphasize?
    A. Market-driven wage determination
    B. Non-market factors influencing wages
    C. Discriminatory wage practices
    D. Nominal wage fluctuations
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