Homework - Chapters 27 & 30 - Due May 7, 2023 11:59 PM . ECO 202 03 - Introduction to Microeconomics For this weeks homework, choose any three of the chapter 27 and 30 questions to complete. Note that you only need to choose three questions, total, not three per chapter! In a Word or Google Doc (make sure if you use Google Docs you share the document) document, provide your answers to the three questions. Be sure to identify which question number in the chapter you are answering. Chapter 27 QUESTIONS FOR FURTHER THOUGHT AND DISCUSSION 1. Which key provisions of the Taft-Hartley Act persuaded union leaders that the law was antilabor? 2. What are the basic provisions of a collective bargaining agreement? 3. Explain the differences between mediation and arbitration. 4. Explain how a monopsonist operates in the labor market, and illustrate your explanation with an example. 5. On average, do unionized workers earn higher wages than comparable nonunion workers? Why? 6. How do you account for the declining membership in labor unions? 7. Practical Application: Was President George W. Bush right in invoking the Taft-Hartley Act to end the 2002 lockout of the longshore workers? 8. Practical Application: Unions have long been advocating a law that would permit a card check to be used to determine if a union should represent the workers at a company. Explain why you favor or oppose such a law. 9. Practical Application: Union membership as a percentage of the labor force has been declining for decades. Why has it been so hard for union leaders to reverse this trend? What two political measures would help increase union membership?" Page 742