Question 1

Changes in the composition of demand among industries or regions are called sectoral shifts.

Accepted Answer

A) True 
 B)False

Question 2

The Bureau of Labor Statistics reported in 2005 that there were 59.98 million people over age 25 whose highest level of education was a high school degree or equivalent,36.40 million of whom were employed and 1.93 million of whom were unemployed.What were the labor-force participation rate and the unemployment rate for this group?

Accepted Answer

A)   60.7% and 3.2%
B)   60.7% and 5.0%
C)   63.9% and 3.2%
D)   63.9% and 5.0%E) A) and D)
F) A) and C)

Question 3

Danielle did not work last week because flooding forced an evacuation of her workplace.The Bureau of Labor Statistics counts Danielle as

Accepted Answer

A)   unemployed and in the labor force.
B)   unemployed and not in the labor force.
C)   employed and in the labor force.
D)   employed and not in the labor force.E) B) and D)
F) None of the above

Question 4

Jenna is searching for a job that suits her tastes about where to live.Mary is looking for a job that makes best use of her skills.

Accepted Answer

A)   Jenna and Mary are both frictionally unemployed.
B)   Jenna and Mary are both structurally unemployed.
C)   Jenna is frictionally unemployed,and Mary is structurally unemployed.
D)   Jenna is structurally unemployed,and Mary is frictionally unemployed.E) C) and D)
F) None of the above

Question 5

Minimum-wage laws and unions are similar to each other but different from efficiency wages in that minimum-wage law and unions

Accepted Answer

A)   cause unemployment,but efficiency wages do not.
B)   cause the quantity of labor supplied to exceed the quantity of labor demanded,but efficiency wages do not.
C)   cause wages to be above the equilibrium level.
D)   prevent firms from lowering wages in the presence of a surplus of workers.E) B) and D)
F) A) and B)

Question 6

Jason works part-time as a babysitter.The Bureau of Labor Statistics counts Jason as

Accepted Answer

A)   unemployed and in the labor force.
B)   unemployed and not in the labor force.
C)   employed and in the labor force.
D)   employed and not in the labor force.E) All of the above
F) B) and C)

Question 7

Suppose that butchers and bakers have no unions.Now suppose the butchers form a union.What does this do the labor supply of and wages of bakers?

Accepted Answer

A)   It increases the labor supply and wages of bakers.
B)   It increases the labor supply and decreases the wages of bakers.
C)   It decreases the labor supply and increases the wages of bakers.
D)   It decreases the labor supply and wages of bakers.E) B) and C)
F) A) and D)

Question 8

Data on the unemployment rate in the U.S.since 1960 show that the unemployment rate sometimes is close to zero.

Accepted Answer

A) True 
 B)False

Question 9

The efficiency-wage theory of worker health is

Accepted Answer

A)   more relevant for explaining unemployment in less developed countries than in rich countries.
B)   more relevant for explaining unemployment in rich countries than in less developed countries.
C)   equally relevant for explaining unemployment in less developed countries and in rich countries.
D)   not relevant for explaining unemployment.E) All of the above
F) A) and C)

Question 10

The Bureau of Labor Statistics divides the adult population into three categories: employed,unemployed,and not in the labor force.

Accepted Answer

A) True 
 B)False

Question 11

Tara,the CEO of a corporation operating in a relatively poor country where wages are low,decides to raise the wages of her workers even though she faces an excess supply of labor.Her decision

Accepted Answer

A)   might increase profits if it means that the wage is high enough for her workers to eat a nutritious diet that makes them more productive.
B)   will help eliminate the excess supply of labor.
C)   may cause her workers to increase shirking.
D)   All of the above are correct.E) B) and D)
F) None of the above

Question 12

Within the U.S.population,women ages 20 and older have lower rates of labor-force participation than men.

Accepted Answer

A) True 
 B)False

Question 13

Over the past several decades,the difference between the labor-force participation rates of men and women in the U.S.has gradually increased.

Accepted Answer

A) True 
 B)False

Question 14

Table 15-1
Labor Data for Aridia
 
-Refer to Table 15-1.The unemployment rate of Aridia in 2010 was

Accepted Answer

A)   10%.
B)   12.5%.
C)   14.3%.
D)   80%.E) A) and B)
F) A) and C)

Question 15

Economists would predict that,other things the same,the more generous unemployment compensation a country has,

Accepted Answer

A)   the shorter the duration of each spell of unemployment,and the higher the unemployment rate.
B)   the shorter the duration of each spell of unemployment,and the lower the unemployment rate.
C)   the longer the duration of each spell of unemployment,and the higher the unemployment rate.
D)   the longer the duration of each spell of unemployment,and the lower the unemployment rate.E) A) and B)
F) A) and C)

Question 16

Caitlin is an unpaid worker in her family's bakery.The Bureau of Labor Statistics counts Caitlin as

Accepted Answer

A)   unemployed and in the labor force.
B)   unemployed and not in the labor force.
C)   employed and in the labor force.
D)   employed and not in the labor force.E) A) and D)
F) A) and C)

Question 17

It is best to view the official unemployment rate as a useful but imperfect measure of joblessness.

Accepted Answer

A) True 
 B)False

Question 18

Most people rely primarily on income other than their labor earnings to maintain their standard of living.

Accepted Answer

A) True 
 B)False

Question 19

A union is an employer association that bargains with workers over wages,benefits,and working conditions.

Accepted Answer

A) True 
 B)False

Question 20

Some persons are counted as out of the labor force because they have made no serious or recent effort to look for work.However,some of these individuals may want to work even though they are too discouraged to make a serious effort to look for work.If these individuals were counted as unemployed instead of out of the labor force,then

Accepted Answer

A)   both the unemployment rate and labor-force participation rate would be higher.
B)   the unemployment rate would be higher and the labor-force participation rate would be lower.
C)   the unemployment rate would be lower and the labor-force participation rate would be higher.
D)   both the unemployment rate and labor-force participation rate would be lower.E) B) and C)
F) All of the above

Exam 28: Unemployment

Danielle did not work last week because flooding forced an evacuation of her workplace.The Bureau of Labor Statistics counts Danielle as

Correct Answer
verified

Tara,the CEO of a corporation operating in a relatively poor country where wages are low,decides to raise the wages of her workers even though she faces an excess supply of labor.Her decision

Correct Answer
verified

Economists would predict that,other things the same,the more generous unemployment compensation a country has,

Correct Answer
verified

A union is an employer association that bargains with workers over wages,benefits,and working conditions.

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Jason works part-time as a babysitter.The Bureau of Labor Statistics counts Jason as

Correct Answer
verified

Jenna is searching for a job that suits her tastes about where to live.Mary is looking for a job that makes best use of her skills.

Correct Answer
verified

Most people rely primarily on income other than their labor earnings to maintain their standard of living.

Correct Answer
verified

Within the U.S.population,women ages 20 and older have lower rates of labor-force participation than men.

Correct Answer
verified

The efficiency-wage theory of worker health is

Correct Answer
verified

Data on the unemployment rate in the U.S.since 1960 show that the unemployment rate sometimes is close to zero.

Correct Answer
verified

Changes in the composition of demand among industries or regions are called sectoral shifts.

Correct Answer
verified

It is best to view the official unemployment rate as a useful but imperfect measure of joblessness.

Correct Answer
verified

Caitlin is an unpaid worker in her family's bakery.The Bureau of Labor Statistics counts Caitlin as

Correct Answer
verified

Table 15-1 Labor Data for Aridia -Refer to Table 15-1.The unemployment rate of Aridia in 2010 was

Correct Answer
verified

Suppose that butchers and bakers have no unions.Now suppose the butchers form a union.What does this do the labor supply of and wages of bakers?

Correct Answer
verified

Minimum-wage laws and unions are similar to each other but different from efficiency wages in that minimum-wage law and unions

Correct Answer
verified

Over the past several decades,the difference between the labor-force participation rates of men and women in the U.S.has gradually increased.

Correct Answer
verified

The Bureau of Labor Statistics divides the adult population into three categories: employed,unemployed,and not in the labor force.

Correct Answer
verified

Exam 28: Unemployment

Danielle did not work last week because flooding forced an evacuation of her workplace.The Bureau of Labor Statistics counts Danielle as

Correct AnswerverifiedShow Answer

Tara,the CEO of a corporation operating in a relatively poor country where wages are low,decides to raise the wages of her workers even though she faces an excess supply of labor.Her decision

Correct AnswerverifiedShow Answer

Economists would predict that,other things the same,the more generous unemployment compensation a country has,

Correct AnswerverifiedShow Answer

A union is an employer association that bargains with workers over wages,benefits,and working conditions.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Jason works part-time as a babysitter.The Bureau of Labor Statistics counts Jason as

Correct AnswerverifiedShow Answer

Jenna is searching for a job that suits her tastes about where to live.Mary is looking for a job that makes best use of her skills.

Correct AnswerverifiedShow Answer

Most people rely primarily on income other than their labor earnings to maintain their standard of living.

Correct AnswerverifiedShow Answer

Within the U.S.population,women ages 20 and older have lower rates of labor-force participation than men.

Correct AnswerverifiedShow Answer

The efficiency-wage theory of worker health is

Correct AnswerverifiedShow Answer

Data on the unemployment rate in the U.S.since 1960 show that the unemployment rate sometimes is close to zero.

Correct AnswerverifiedShow Answer

Changes in the composition of demand among industries or regions are called sectoral shifts.

Correct AnswerverifiedShow Answer

It is best to view the official unemployment rate as a useful but imperfect measure of joblessness.

Correct AnswerverifiedShow Answer

Caitlin is an unpaid worker in her family's bakery.The Bureau of Labor Statistics counts Caitlin as

Correct AnswerverifiedShow Answer

Table 15-1 Labor Data for Aridia -Refer to Table 15-1.The unemployment rate of Aridia in 2010 was

Correct AnswerverifiedShow Answer

Suppose that butchers and bakers have no unions.Now suppose the butchers form a union.What does this do the labor supply of and wages of bakers?

Correct AnswerverifiedShow Answer

Minimum-wage laws and unions are similar to each other but different from efficiency wages in that minimum-wage law and unions

Correct AnswerverifiedShow Answer

Over the past several decades,the difference between the labor-force participation rates of men and women in the U.S.has gradually increased.

Correct AnswerverifiedShow Answer

The Bureau of Labor Statistics divides the adult population into three categories: employed,unemployed,and not in the labor force.

Correct AnswerverifiedShow Answer

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