Question 1

Figure 15-1 
-Refer to Figure 15-1. If the government imposes a minimum wage of $4, then how many workers will be unemployed?

Accepted Answer

A)  0
B)  3000
C)  4000
D)  7000E) C) and D)
F) A) and D)

Question 2

Table 15-5
2010 Labor Data for Tajnia
 $$\begin{array} { | l | l | } 
\hline \text { Number of adiults employed } & 10,000 \
\hline \text { Number of adults unemployed } & 2,250 \
\hline \text { Number of atults not in the labar force } & 17,750 \
\hline
\end{array}$$
-Refer to Table 15-5. The labor force of Tajnia in 2010 is 12,250.

Accepted Answer

A) True 
 B)False

Question 3

The unemployed who quit their jobs, were fired for cause, or just entered the labor force are eligible for unemployment insurance.

Accepted Answer

A) True 
 B)False

Question 4

Right-to-work laws allow striking union members to be permanently replaced.

Accepted Answer

A) True 
 B)False

Question 5

Within the U.S. population, women have higher rates of unemployment than men.

Accepted Answer

A) True 
 B)False

Question 6

The introduction of a union into an industry

Accepted Answer

A)  creates a surplus of labor and so raises unemployment.
B)  creates a surplus of labor and so reduces unemployment.
C)  creates a shortage of labor and so raises unemployment.
D)  creates a shortage of labor and so reduces unemployment.E) C) and D)
F) All of the above

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) A) and C)

Question 8

Who would be included in the labor force?

Accepted Answer

A)  Homer, who is waiting for his new job to start
B)  Michelle, who has become discouraged looking for a job and has quit looking
C)  Derrick, an unpaid homemaker
D)  None of the above would be included in the labor force.E) B) and D)
F) B) and C)

Question 9

A firm might offer efficiency wages in order to attract a better pool of applicants.

Accepted Answer

A) True 
 B)False

Question 10

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

Accepted Answer

A) True 
 B)False

Question 11

The unemployment rate equals the percentage of the labor force that is unemployed.

Accepted Answer

A) True 
 B)False

Question 12

Suppose that autoworkers are unionized in one region of the country but not in the other. If the unionized workers abolished their unions, employment

Accepted Answer

A)  and wages of autoworkers in that region would rise.
B)  of automobile workers in that region would rise, but wages of automobile workers in that region would fall.
C)  and wages of autoworkers in that region would fall.
D)  of automobile workers in that region would fall but wages of automobile workers in that region would rise.E) None of the above
F) A) and D)

Question 13

One explanation for long-run unemployment is that it takes time for workers to search for the jobs that are best suited for them.

Accepted Answer

A) True 
 B)False

Question 14

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

Accepted Answer

A) True 
 B)False

Question 15

Unions are exempt from U.S. antitrust laws.

Accepted Answer

A) True 
 B)False

Question 16

Unemployment insurance increases frictional unemployment.

Accepted Answer

A) True 
 B)False

Question 17

Some adults who were not working are included in the Bureau of Labor Statistics' "employed" category.

Accepted Answer

A) True 
 B)False

Question 18

Unemployment insurance

Accepted Answer

A)  may improve the ability of the economy to match workers with appropriate jobs.
B)  reduces the job search efforts of the unemployed.
C)  increases the amount of frictional unemployment in the economy.
D)  All of the above are correct.E) A) and C)
F) B) and C)

Question 19

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) A) and B)
F) A) and D)

Question 20

Within the U.S., teenagers have similar rates of labor-force participation as older workers.

Accepted Answer

A) True 
 B)False

Exam 15: Unemployment

Within the U.S., teenagers have similar rates of labor-force participation as older workers.

Correct Answer
verified

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

Correct Answer
verified

Correct Answer
verified

The introduction of a union into an industry

Correct Answer
verified

Suppose that autoworkers are unionized in one region of the country but not in the other. If the unionized workers abolished their unions, employment

Correct Answer
verified

The unemployment rate equals the percentage of the labor force that is unemployed.

Correct Answer
verified

Within the U.S. population, women have higher rates of unemployment than men.

Correct Answer
verified

One explanation for long-run unemployment is that it takes time for workers to search for the jobs that are best suited for them.

Correct Answer
verified

Unemployment insurance increases frictional unemployment.

Correct Answer
verified

Right-to-work laws allow striking union members to be permanently replaced.

Correct Answer
verified

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

Correct Answer
verified

Unions are exempt from U.S. antitrust laws.

Correct Answer
verified

A firm might offer efficiency wages in order to attract a better pool of applicants.

Correct Answer
verified

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

Correct Answer
verified

Some adults who were not working are included in the Bureau of Labor Statistics' "employed" category.

Correct Answer
verified

The unemployed who quit their jobs, were fired for cause, or just entered the labor force are eligible for unemployment insurance.

Correct Answer
verified

Unemployment insurance

Correct Answer
verified

Figure 15-1 -Refer to Figure 15-1. If the government imposes a minimum wage of $4, then how many workers will be unemployed?

Correct Answer
verified

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

Correct Answer
verified

Who would be included in the labor force?

Correct Answer
verified

Exam 15: Unemployment

Within the U.S., teenagers have similar rates of labor-force participation as older workers.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

The introduction of a union into an industry

Correct AnswerverifiedShow Answer

Suppose that autoworkers are unionized in one region of the country but not in the other. If the unionized workers abolished their unions, employment

Correct AnswerverifiedShow Answer

The unemployment rate equals the percentage of the labor force that is unemployed.

Correct AnswerverifiedShow Answer

Within the U.S. population, women have higher rates of unemployment than men.

Correct AnswerverifiedShow Answer

One explanation for long-run unemployment is that it takes time for workers to search for the jobs that are best suited for them.

Correct AnswerverifiedShow Answer

Unemployment insurance increases frictional unemployment.

Correct AnswerverifiedShow Answer

Right-to-work laws allow striking union members to be permanently replaced.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Unions are exempt from U.S. antitrust laws.

Correct AnswerverifiedShow Answer

A firm might offer efficiency wages in order to attract a better pool of applicants.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Some adults who were not working are included in the Bureau of Labor Statistics' "employed" category.

Correct AnswerverifiedShow Answer

The unemployed who quit their jobs, were fired for cause, or just entered the labor force are eligible for unemployment insurance.

Correct AnswerverifiedShow Answer

Unemployment insurance

Correct AnswerverifiedShow Answer

Figure 15-1 -Refer to Figure 15-1. If the government imposes a minimum wage of $4, then how many workers will be unemployed?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Who would be included in the labor force?

Correct AnswerverifiedShow Answer

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