Question 1

When unions raise wages in one part of the economy,the supply of labor increases in other parts of the economy,which reduces wages in industries that are not unionized.

Accepted Answer

A) True 
 B)False

Question 2

The labor-force participation rate equals the percentage of the labor force that is employed.

Accepted Answer

A) True 
 B)False

Question 3

Angelica is an unpaid homemaker who works as a volunteer at the local Red Cross and is currently not looking for a paid job.The Bureau of Labor Statistics counts Angelica as

Accepted Answer

A)   unemployed and in the labor force.
B)   unemployed,but not in the labor force.
C)   in the labor force,but not unemployed.
D)   neither in the labor force nor unemployed.E) A) and B)
F) All of the above

Question 4

Adults who were not working but who had jobs from which they were temporarily absent are included in the Bureau of Labor Statistics' "employed" category.

Accepted Answer

A) True 
 B)False

Question 5

Figure 15-1 
-Refer to Figure 15-1.If the government imposes a minimum wage of $8,then unemployment will increase by

Accepted Answer

A)   0 workers.
B)   2000 workers.
C)   4000 workers.
D)   7000 workers.E) A) and C)
F) None of the above

Question 6

Minimum-wage laws affect all workers.

Accepted Answer

A) True 
 B)False

Question 7

U.S.Department of Labor data show that minimum-wage workers tend to be

Accepted Answer

A)   young and less educated.
B)   young and more educated.
C)   old and less educated.
D)   old and more educated.E) A) and D)
F) C) and D)

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

The Bureau of Labor Statistics' U-3 measure of joblessness is the official unemployment rate.

Accepted Answer

A) True 
 B)False

Question 10

The unemployment rate equals the percentage of the adult population that is unemployed.

Accepted Answer

A) True 
 B)False

Exam 28: Unemployment

Angelica is an unpaid homemaker who works as a volunteer at the local Red Cross and is currently not looking for a paid job.The Bureau of Labor Statistics counts Angelica as

Correct Answer
verified

U.S.Department of Labor data show that minimum-wage workers tend to be

Correct Answer
verified

When unions raise wages in one part of the economy,the supply of labor increases in other parts of the economy,which reduces wages in industries that are not unionized.

Correct Answer
verified

The labor-force participation rate equals the percentage of the labor force that is employed.

Correct Answer
verified

The unemployment rate equals the percentage of the adult population that is unemployed.

Correct Answer
verified

Figure 15-1 -Refer to Figure 15-1.If the government imposes a minimum wage of $8,then unemployment will increase by

Correct Answer
verified

The Bureau of Labor Statistics' U-3 measure of joblessness is the official unemployment rate.

Correct Answer
verified

Adults who were not working but who had jobs from which they were temporarily absent are included in the Bureau of Labor Statistics' "employed" category.

Correct Answer
verified

Minimum-wage laws affect all workers.

Correct Answer
verified

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

Correct Answer
verified

Exam 28: Unemployment

Angelica is an unpaid homemaker who works as a volunteer at the local Red Cross and is currently not looking for a paid job.The Bureau of Labor Statistics counts Angelica as

Correct AnswerverifiedShow Answer

U.S.Department of Labor data show that minimum-wage workers tend to be

Correct AnswerverifiedShow Answer

When unions raise wages in one part of the economy,the supply of labor increases in other parts of the economy,which reduces wages in industries that are not unionized.

Correct AnswerverifiedShow Answer

The labor-force participation rate equals the percentage of the labor force that is employed.

Correct AnswerverifiedShow Answer

The unemployment rate equals the percentage of the adult population that is unemployed.

Correct AnswerverifiedShow Answer

Figure 15-1 -Refer to Figure 15-1.If the government imposes a minimum wage of $8,then unemployment will increase by

Correct AnswerverifiedShow Answer

The Bureau of Labor Statistics' U-3 measure of joblessness is the official unemployment rate.

Correct AnswerverifiedShow Answer

Adults who were not working but who had jobs from which they were temporarily absent are included in the Bureau of Labor Statistics' "employed" category.

Correct AnswerverifiedShow Answer

Minimum-wage laws affect all workers.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified