Question 1

Briefly compare the structural unemployment that arises from minimum-wage laws to the frictional unemployment that arises from the process of job search.

Accepted Answer

Minimum-wage laws create unemployment be...

Question 2

Which of the following is not an explanation for the existence of unemployment in the long run?

Accepted Answer

A)   it takes time for workers to search for the jobs that are best suited for them
B)   minimum-wage laws
C)   unions
D)   the business cycleE) A) and B)
F) All of the above

Question 3

Marginally attached workers are people who

Accepted Answer

A)   are looking for a better job than they currently have.
B)   are not working and are not looking for work,but would work if asked.
C)   are working part-time while they go to school or get training for a better job.
D)   are only a few years from retirement.E) A) and B)
F) A) and C)

Question 4

Who is not included in the labor force by the Bureau of Labor Statistics?

Accepted Answer

A)   Calvin,who is on temporary layoff
B)   Michael,who has retired and is not looking for work
C)   Lauren,who does not have a job,but has applied for several in the last week
D)   None of the above is correct.E) A) and D)
F) A) and C)

Question 5

Unemployment insurance reduces hardships of unemployment but also increases the amount of structural unemployment.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following both make a firm more likely to pay efficiency wages?

Accepted Answer

A)   it is easy to judge the quality of applicants and after workers have worked for the firm a while they tend not to look for other jobs
B)   it is easy to judge the quality of applicants and after workers have worked for the firm a while they tend to look for other jobs
C)   it is difficult to judge the quality of applicants and after workers have worked for the firm a while they tend not to look for other jobs
D)   it is difficult to judge the quality of applicants and after workers have worked for the firm a while they tend to look for other jobsE) B) and D)
F) A) and B)

Question 7

John is a stockbroker.He has had several job offers,but he has turned them down because he thinks he can find a firm that better matches his tastes and skills.Curtis has looked for work as an accountant for some time.While the demand for accountants doesn't appear to be falling,there seems to be more people applying than jobs available.

Accepted Answer

A)   John and Curtis are both frictionally unemployed.
B)   John and Curtis are both structurally unemployed.
C)   John is frictionally unemployed,and Curtis is structurally unemployed.
D)   John is structurally unemployed,and Curtis is frictionally unemployed.E) B) and C)
F) A) and D)

Question 8

When a minimum-wage law forces the wage to remain above the level that balances supply and demand,the result is a surplus of labor.

Accepted Answer

A) True 
 B)False

Question 9

Workers in unions reap the benefit of collective bargaining,while workers not in unions bear some of the cost.

Accepted Answer

A) True 
 B)False

Question 10

Unions

Accepted Answer

A)   do not affect the natural rate of unemployment.
B)   lower the wages of unionized workers.
C)   raise the profits of unionized firms.
D)   lower the wages of workers in industries without unions.E) All of the above
F) None of the above

Question 11

Which of the following is an explanation for the existence of frictional unemployment?

Accepted Answer

A)   efficiency wages
B)   minimum-wage laws
C)   unions
D)   job searchE) A) and B)
F) All of the above

Question 12

According to 2009 data on the U.S.population,which of the following groups of adults (ages 20 and older) had the lowest labor-force participation rate?

Accepted Answer

A)   white males
B)   white females
C)   black males
D)   black femalesE) A) and B)
F) A) and D)

Question 13

Frictional unemployment is thought to explain

Accepted Answer

A)   relatively short spells of unemployment,as is structural unemployment.
B)   relatively long spells of unemployment,as is structural unemployment.
C)   relatively short spells of unemployment,while structural unemployment is thought to explain relatively long spells of unemployment.
D)   relatively long spells of unemployment,while structural unemployment is thought to explain relatively short spells of unemployment.E) None of the above
F) A) and C)

Question 14

The normal rate of unemployment around which the unemployment rate fluctuates is called the natural rate of unemployment.

Accepted Answer

A) True 
 B)False

Question 15

The Bureau of Labor Statistics' U-2 measure of joblessness includes job losers and job leavers.

Accepted Answer

A) True 
 B)False

Question 16

Suppose that efficiency wages become more common in the economy.Imposing efficiency wages

Accepted Answer

A)   increases the quantity demanded and decreases the quantity supplied of labor.
B)   decreases the quantity demanded and increases the quantity supplied of labor.
C)   increases the quantity demanded and decreases the quantity supplied of labor
D)   decreases the quantity demanded and increases the quantity supplied of labor .E) None of the above
F) B) and C)

Question 17

Workers waiting for jobs to open up is most closely associated with

Accepted Answer

A)   cyclical unemployment.
B)   frictional unemployment.
C)   seasonal unemployment.
D)   structural unemployment.E) All of the above
F) C) and D)

Question 18

Which of the following is not a commonly-cited explanation for the decreasing labor-force participation rates for men from 1950 to the present?

Accepted Answer

A)   availability of reliable birth control
B)   men acquiring additional years of schooling before entering the labor force
C)   a preference for men to retire when younger
D)   changing social attitudes about stay-at-home fathersE) A) and B)
F) B) and C)

Question 19

Suppose the demand for construction workers increased and the demands for textile and steel workers diminished.This is an example of

Accepted Answer

A)   frictional unemployment created by efficiency wages.
B)   structural unemployment created by efficiency wages.
C)   frictional unemployment created by sectoral shifts.
D)   structural unemployment created by sectoral shifts.E) A) and B)
F) A) and C)

Question 20

If unions were formed in more industries,the supply of labor in other industries would

Accepted Answer

A)   increase,causing employment in other industries to rise.
B)   increase,causing employment in other industries to fall.
C)   decrease,causing employment in other industries to rise.
D)   decrease,causing employment in other industries to fall.E) C) and D)
F) A) and B)

Exam 28: Unemployment

Which of the following is not an explanation for the existence of unemployment in the long run?

Correct Answer
verified

Which of the following is not a commonly-cited explanation for the decreasing labor-force participation rates for men from 1950 to the present?

Correct Answer
verified

If unions were formed in more industries,the supply of labor in other industries would

Correct Answer
verified

When a minimum-wage law forces the wage to remain above the level that balances supply and demand,the result is a surplus of labor.

Correct Answer
verified

Suppose that efficiency wages become more common in the economy.Imposing efficiency wages

Correct Answer
verified

Correct Answer
verified

Which of the following is an explanation for the existence of frictional unemployment?

Correct Answer
verified

Which of the following both make a firm more likely to pay efficiency wages?

Correct Answer
verified

Frictional unemployment is thought to explain

Correct Answer
verified

The normal rate of unemployment around which the unemployment rate fluctuates is called the natural rate of unemployment.

Correct Answer
verified

The Bureau of Labor Statistics' U-2 measure of joblessness includes job losers and job leavers.

Correct Answer
verified

Who is not included in the labor force by the Bureau of Labor Statistics?

Correct Answer
verified

According to 2009 data on the U.S.population,which of the following groups of adults (ages 20 and older) had the lowest labor-force participation rate?

Correct Answer
verified

Unemployment insurance reduces hardships of unemployment but also increases the amount of structural unemployment.

Correct Answer
verified

Marginally attached workers are people who

Correct Answer
verified

Workers in unions reap the benefit of collective bargaining,while workers not in unions bear some of the cost.

Correct Answer
verified

Suppose the demand for construction workers increased and the demands for textile and steel workers diminished.This is an example of

Correct Answer
verified

Workers waiting for jobs to open up is most closely associated with

Correct Answer
verified

Briefly compare the structural unemployment that arises from minimum-wage laws to the frictional unemployment that arises from the process of job search.

Correct Answer
verified
Minimum-wage laws create unemployment be...
View Answer

Unions

Correct Answer
verified

Exam 28: Unemployment

Which of the following is not an explanation for the existence of unemployment in the long run?

Correct AnswerverifiedShow Answer

Which of the following is not a commonly-cited explanation for the decreasing labor-force participation rates for men from 1950 to the present?

Correct AnswerverifiedShow Answer

If unions were formed in more industries,the supply of labor in other industries would

Correct AnswerverifiedShow Answer

When a minimum-wage law forces the wage to remain above the level that balances supply and demand,the result is a surplus of labor.

Correct AnswerverifiedShow Answer

Suppose that efficiency wages become more common in the economy.Imposing efficiency wages

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Which of the following is an explanation for the existence of frictional unemployment?

Correct AnswerverifiedShow Answer

Which of the following both make a firm more likely to pay efficiency wages?

Correct AnswerverifiedShow Answer

Frictional unemployment is thought to explain

Correct AnswerverifiedShow Answer

The normal rate of unemployment around which the unemployment rate fluctuates is called the natural rate of unemployment.

Correct AnswerverifiedShow Answer

The Bureau of Labor Statistics' U-2 measure of joblessness includes job losers and job leavers.

Correct AnswerverifiedShow Answer

Who is not included in the labor force by the Bureau of Labor Statistics?

Correct AnswerverifiedShow Answer

According to 2009 data on the U.S.population,which of the following groups of adults (ages 20 and older) had the lowest labor-force participation rate?

Correct AnswerverifiedShow Answer

Unemployment insurance reduces hardships of unemployment but also increases the amount of structural unemployment.

Correct AnswerverifiedShow Answer

Marginally attached workers are people who

Correct AnswerverifiedShow Answer

Workers in unions reap the benefit of collective bargaining,while workers not in unions bear some of the cost.

Correct AnswerverifiedShow Answer

Suppose the demand for construction workers increased and the demands for textile and steel workers diminished.This is an example of

Correct AnswerverifiedShow Answer

Workers waiting for jobs to open up is most closely associated with

Correct AnswerverifiedShow Answer

Briefly compare the structural unemployment that arises from minimum-wage laws to the frictional unemployment that arises from the process of job search.

Correct AnswerverifiedMinimum-wage laws create unemployment be...View AnswerShow Answer

Unions

Correct AnswerverifiedShow Answer

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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
verified
Minimum-wage laws create unemployment be...
View Answer

Correct Answer
verified