Question 1

Mario was laid off two months ago.He has not searched for other work because he is expecting to be recalled to work.In the U.S.labor force statistics Mario is counted 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)   not in the labor force.E) None of the above
F) A) and C)

Question 2

The Bureau of Labor Statistics' U-4 measure of joblessness includes discouraged workers.

Accepted Answer

A) True 
 B)False

Question 3

Employment can rise in one region of the country while it falls in another.

Accepted Answer

A) True 
 B)False

Question 4

Who of the following would be included in the Bureau of Labor Statistics' "unemployed" category?

Accepted Answer

A)   Cambry,a full-time student who is not looking for work
B)   Eric,who is on temporary layoff
C)   Carson,who has retired and is not looking for work
D)   All of the above are correct.E) All of the above
F) B) and C)

Question 5

Which of the following causes of unemployment is not associated with a wage rate above the market equilibrium level?

Accepted Answer

A)   efficiency wages
B)   job search
C)   minimum-wage laws
D)   unionsE) B) and C)
F) A) and D)

Question 6

According to the theory of efficiency wages,if a firm stops paying efficiency wages it is likely to see

Accepted Answer

A)   an increase in the number of job applicants and an increase in how long workers stay on the job
B)   an increase in the number of job applicants and a decrease in how long workers stay on the job
C)   a decrease in the number of job applicants and an increase in how long workers stay on the job
D)   a decrease in the number of job applicants and a decrease in how long workers stay on the jobE) B) and C)
F) A) and B)

Question 7

To be counted as employed in the U.S.labor force statistics a person

Accepted Answer

A)   must be working for pay and be working full time.
B)   must be working for pay,but does not have to be working full time.
C)   does not have to be working for pay if they are working for a family business,but must be employed full time.
D)   does not have to be working for pay if they are working for a family business and does not have to be working full timeE) A) and C)
F) A) and B)

Question 8

A century ago,the four industries with the largest employment in the United States were cotton goods,woolen goods,men's clothing,and lumber.

Accepted Answer

A) True 
 B)False

Question 9

List a few of the characteristics of workers who earned at or below the minimum wage in 2010.

Accepted Answer

young,less educated,working pa...

Question 10

Suppose that a well-respected study published in Child Psychology Today finds that a very high proportion of children raised by stay-at-home fathers are accepted to Harvard University.If a large number of previously working fathers quit their jobs and become stay-at-home dads,which of the following will occur,all else equal?

Accepted Answer

A)   (i) and (ii) only
B)   (ii) and (iv) only
C)   (i) , (ii) ,and (iii) only
D)   (ii) , (iii) ,and (iv) onlyE) C) and D)
F) A) and B)

Question 11

Policies that reduce the time it takes unemployed workers to find new jobs can reduce the economy's natural rate of unemployment.

Accepted Answer

A) True 
 B)False

Question 12

Figure 15-1 
-Refer to Figure 15-1.If unemployment is 2000 workers,then the minimum wage must be

Accepted Answer

A)   $4.
B)   $5.
C)   $7.
D)   $8.E) A) and B)
F) A) and C)

Question 13

When a country keeps its workers as fully employed as possible,it achieves a higher level of GDP than if many of its workers were idle.

Accepted Answer

A) True 
 B)False

Question 14

The amount of unemployment varies little over time and across countries.

Accepted Answer

A) True 
 B)False

Question 15

A typical American worker covered by unemployment insurance receives 50 percent of his former wages for 52 weeks.

Accepted Answer

A) True 
 B)False

Question 16

Suppose there are a large number of men who used to work or seek work who now no longer do either.Other things the same,this makes

Accepted Answer

A)   the number of people unemployed rise but does not change the labor force.
B)   the number of people unemployed rise but makes the labor force fall.
C)   both the number of people unemployed and the labor force fall.
D)   the number of people unemployed fall but does not change the labor force.E) All of the above
F) C) and D)

Question 17

Who is included in the labor force by the Bureau of Labor Statistics?

Accepted Answer

A)   Juan,who works most of the week in a steel factory
B)   Molly,who is on temporary layoff
C)   Charlie,who does not have a job,but is looking for work
D)   All of the above are included in the labor force.E) A) and B)
F) A) and C)

Question 18

Minimum-wage laws matter most for the least skilled and least experienced members of the labor force,such as teenagers.

Accepted Answer

A) True 
 B)False

Question 19

Most spells of unemployment are

Accepted Answer

A)   long,and most unemployment observed at any given time is long term.
B)   long,but most unemployment observed at any given time is short term.
C)   short,but most unemployment observed at any given time is long term.
D)   short,and most unemployment observed at any given time is short term.E) A) and D)
F) A) and C)

Question 20

Almost half of all spells of unemployment end when the unemployed person leaves the labor force.

Accepted Answer

A) True 
 B)False

Exam 28: Unemployment

A typical American worker covered by unemployment insurance receives 50 percent of his former wages for 52 weeks.

Correct Answer
verified

Minimum-wage laws matter most for the least skilled and least experienced members of the labor force,such as teenagers.

Correct Answer
verified

Who of the following would be included in the Bureau of Labor Statistics' "unemployed" category?

Correct Answer
verified

Correct Answer
verified

According to the theory of efficiency wages,if a firm stops paying efficiency wages it is likely to see

Correct Answer
verified

Who is included in the labor force by the Bureau of Labor Statistics?

Correct Answer
verified

Suppose there are a large number of men who used to work or seek work who now no longer do either.Other things the same,this makes

Correct Answer
verified

Mario was laid off two months ago.He has not searched for other work because he is expecting to be recalled to work.In the U.S.labor force statistics Mario is counted as

Correct Answer
verified

Policies that reduce the time it takes unemployed workers to find new jobs can reduce the economy's natural rate of unemployment.

Correct Answer
verified

To be counted as employed in the U.S.labor force statistics a person

Correct Answer
verified

Most spells of unemployment are

Correct Answer
verified

The Bureau of Labor Statistics' U-4 measure of joblessness includes discouraged workers.

Correct Answer
verified

Employment can rise in one region of the country while it falls in another.

Correct Answer
verified

Which of the following causes of unemployment is not associated with a wage rate above the market equilibrium level?

Correct Answer
verified

When a country keeps its workers as fully employed as possible,it achieves a higher level of GDP than if many of its workers were idle.

Correct Answer
verified

The amount of unemployment varies little over time and across countries.

Correct Answer
verified

List a few of the characteristics of workers who earned at or below the minimum wage in 2010.

Correct Answer
verified
young,less educated,working pa...
View Answer

Almost half of all spells of unemployment end when the unemployed person leaves the labor force.

Correct Answer
verified

Figure 15-1 -Refer to Figure 15-1.If unemployment is 2000 workers,then the minimum wage must be

Correct Answer
verified

A century ago,the four industries with the largest employment in the United States were cotton goods,woolen goods,men's clothing,and lumber.

Correct Answer
verified

Exam 28: Unemployment

A typical American worker covered by unemployment insurance receives 50 percent of his former wages for 52 weeks.

Correct AnswerverifiedShow Answer

Minimum-wage laws matter most for the least skilled and least experienced members of the labor force,such as teenagers.

Correct AnswerverifiedShow Answer

Who of the following would be included in the Bureau of Labor Statistics' "unemployed" category?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

According to the theory of efficiency wages,if a firm stops paying efficiency wages it is likely to see

Correct AnswerverifiedShow Answer

Who is included in the labor force by the Bureau of Labor Statistics?

Correct AnswerverifiedShow Answer

Suppose there are a large number of men who used to work or seek work who now no longer do either.Other things the same,this makes

Correct AnswerverifiedShow Answer

Mario was laid off two months ago.He has not searched for other work because he is expecting to be recalled to work.In the U.S.labor force statistics Mario is counted as

Correct AnswerverifiedShow Answer

Policies that reduce the time it takes unemployed workers to find new jobs can reduce the economy's natural rate of unemployment.

Correct AnswerverifiedShow Answer

To be counted as employed in the U.S.labor force statistics a person

Correct AnswerverifiedShow Answer

Most spells of unemployment are

Correct AnswerverifiedShow Answer

The Bureau of Labor Statistics' U-4 measure of joblessness includes discouraged workers.

Correct AnswerverifiedShow Answer

Employment can rise in one region of the country while it falls in another.

Correct AnswerverifiedShow Answer

Which of the following causes of unemployment is not associated with a wage rate above the market equilibrium level?

Correct AnswerverifiedShow Answer

When a country keeps its workers as fully employed as possible,it achieves a higher level of GDP than if many of its workers were idle.

Correct AnswerverifiedShow Answer

The amount of unemployment varies little over time and across countries.

Correct AnswerverifiedShow Answer

List a few of the characteristics of workers who earned at or below the minimum wage in 2010.

Correct Answerverifiedyoung,less educated,working pa...View AnswerShow Answer

Almost half of all spells of unemployment end when the unemployed person leaves the labor force.

Correct AnswerverifiedShow Answer

Figure 15-1 -Refer to Figure 15-1.If unemployment is 2000 workers,then the minimum wage must be

Correct AnswerverifiedShow Answer

A century ago,the four industries with the largest employment in the United States were cotton goods,woolen goods,men's clothing,and lumber.

Correct AnswerverifiedShow Answer

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young,less educated,working pa...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
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