Question 1

Frictional unemployment is

Accepted Answer

A)   not inevitable;rather,it can be reduced to zero by well-designed public policies.
B)   not inevitable;rather,it could be reduced to zero if by the elimination of unemployment insurance.
C)   inevitable,because at any given time,jobs are being created in some firms and destroyed in other firms.
D)   inevitable,because in some industries,wages are always set above the level that brings supply and demand into equilibrium.E) A) and B)
F) C) and D)

Question 2

Minimum-wage laws

Accepted Answer

A)   create frictional unemployment,while firms paying wages above equilibrium to reduce worker turnover creates structural unemployment.
B)   create structural unemployment,while firms paying wages above equilibrium to reduce worker turnover creates frictional unemployment.
C)   and firms paying wages above equilibrium to reduce worker turnover both create structural unemployment.
D)   and firms paying wages above equilibrium to reduce worker turnover both create frictional unemployment.E) None of the above
F) B) and C)

Question 3

The unemployment that results from the process of matching workers and jobs is called structural unemployment.

Accepted Answer

A) True 
 B)False

Question 4

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 5

Within the U.S.population,men and women have similar rates of unemployment.

Accepted Answer

A) True 
 B)False

Question 6

Just after World War II,the labor-force participation rate of women was

Accepted Answer

A)   about 25 percent,and in 2007,it was about 50 percent.
B)   about 33 percent,and in 2007,it was about 60 percent.
C)   about 50 percent,and in 2007,it was about 70 percent.
D)   about 60 percent,and in 2007,it was about 80 percent.E) A) and B)
F) B) and D)

Question 7

Causes of the decline in the U.S.men's labor-force participation rate over the past several decades include young men now staying in school longer than their fathers and grandfathers did,older men now retiring earlier and living longer,and more fathers now staying at home to raise their children.

Accepted Answer

A) True 
 B)False

Question 8

In 2004,based on concepts similar to those used to estimate U.S.employment figures,the Japanese adult non-institutionalized population was 109.684 million,the labor force was 65.760 million,and the number of people employed was 62.630 million.According to these numbers,the Japanese labor-force participation rate and unemployment rate were about

Accepted Answer

A)   57.1% and 2.9%.
B)   57.1% and 4.8%.
C)   60% and 2.9%.
D)   60% and 4.8%.E) A) and B)
F) A) and C)

Question 9

Causes of the changing role of women in American society over the past several decades include new technologies that have reduced the amount of time required to complete routine household tasks,improved birth control,and changing political and social attitudes.

Accepted Answer

A) True 
 B)False

Question 10

The designation "natural" implies that the natural rate of unemployment

Accepted Answer

A)   is desirable.
B)   is constant over time.
C)   is impervious to economic policy.
D)   does not go away on its own even in the long run.E) C) and D)
F) B) and D)

Question 11

Table 28-1
Labor Data for Wrexington
 
-Refer to Table 28-1.The labor force of Wrexington in 2005 was

Accepted Answer

A)   1300
B)   1900
C)   2004
D)   3000E) A) and D)
F) B) and D)

Question 12

Table 28-5
2010 Labor Data for Wrexington
 
-Refer to Table 28-5.The labor-force participation rate of Wrexington in 2010 is about 33.3 percent.

Accepted Answer

A) True 
 B)False

Question 13

Within the U.S.population,blacks and whites have similar rates of unemployment.

Accepted Answer

A) True 
 B)False

Question 14

Sectoral shifts contribute to frictional unemployment.

Accepted Answer

A) True 
 B)False

Question 15

Evidence provided by economists indicates that the typical person who becomes unemployed

Accepted Answer

A)   will soon find a job.
B)   will find a job,but not before a year or more has gone by.
C)   will leave the labor force and never return.
D)   does so due to retirement.E) C) and D)
F) None of the above

Question 16

A union is a type of cartel.

Accepted Answer

A) True 
 B)False

Question 17

Adults who were waiting to be recalled to a job from which they had been laid off are included in the Bureau of Labor Statistics' "employed" category.

Accepted Answer

A) True 
 B)False

Question 18

Structural unemployment results when wages are,for some reason,set above the level that brings supply and demand into equilibrium.

Accepted Answer

A) True 
 B)False

Question 19

Suppose some country had an adult population of about 50 million,a labor-force participation rate of 60 percent,and an unemployment rate of 5 percent.How many people were unemployed?

Accepted Answer

A)   1.425 million
B)   1.5 million
C)   2.5 million
D)   5 millionE) None of the above
F) B) and C)

Question 20

Table 28-3
2003 Labor Data for Adults (age 16 and older) in Meditor
 
-Refer to Table 28-3.What is the adult unemployment rate in Meditor?

Accepted Answer

A)   4.2 percent
B)   6.25 percent
C)   6.7 percent
D)   10 percentE) B) and C)
F) All of the above

Exam 28: Unemployment

Correct Answer
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Causes of the changing role of women in American society over the past several decades include new technologies that have reduced the amount of time required to complete routine household tasks,improved birth control,and changing political and social attitudes.

Correct Answer
verified

Just after World War II,the labor-force participation rate of women was

Correct Answer
verified

Causes of the decline in the U.S.men's labor-force participation rate over the past several decades include young men now staying in school longer than their fathers and grandfathers did,older men now retiring earlier and living longer,and more fathers now staying at home to raise their children.

Correct Answer
verified

The unemployment that results from the process of matching workers and jobs is called structural unemployment.

Correct Answer
verified

Within the U.S.population,blacks and whites have similar rates of unemployment.

Correct Answer
verified

Evidence provided by economists indicates that the typical person who becomes unemployed

Correct Answer
verified

Structural unemployment results when wages are,for some reason,set above the level that brings supply and demand into equilibrium.

Correct Answer
verified

Table 28-3 2003 Labor Data for Adults (age 16 and older) in Meditor -Refer to Table 28-3.What is the adult unemployment rate in Meditor?

Correct Answer
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Adults who were waiting to be recalled to a job from which they had been laid off are included in the Bureau of Labor Statistics' "employed" category.

Correct Answer
verified

Within the U.S.population,men and women have similar rates of unemployment.

Correct Answer
verified

Suppose some country had an adult population of about 50 million,a labor-force participation rate of 60 percent,and an unemployment rate of 5 percent.How many people were unemployed?

Correct Answer
verified

Minimum-wage laws

Correct Answer
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The designation "natural" implies that the natural rate of unemployment

Correct Answer
verified

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

Correct Answer
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Frictional unemployment is

Correct Answer
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Sectoral shifts contribute to frictional unemployment.

Correct Answer
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Table 28-5 2010 Labor Data for Wrexington -Refer to Table 28-5.The labor-force participation rate of Wrexington in 2010 is about 33.3 percent.

Correct Answer
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Table 28-1 Labor Data for Wrexington -Refer to Table 28-1.The labor force of Wrexington in 2005 was

Correct Answer
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A union is a type of cartel.

Correct Answer
verified

Exam 28: Unemployment

Correct AnswerverifiedShow Answer

Causes of the changing role of women in American society over the past several decades include new technologies that have reduced the amount of time required to complete routine household tasks,improved birth control,and changing political and social attitudes.

Correct AnswerverifiedShow Answer

Just after World War II,the labor-force participation rate of women was

Correct AnswerverifiedShow Answer

Causes of the decline in the U.S.men's labor-force participation rate over the past several decades include young men now staying in school longer than their fathers and grandfathers did,older men now retiring earlier and living longer,and more fathers now staying at home to raise their children.

Correct AnswerverifiedShow Answer

The unemployment that results from the process of matching workers and jobs is called structural unemployment.

Correct AnswerverifiedShow Answer

Within the U.S.population,blacks and whites have similar rates of unemployment.

Correct AnswerverifiedShow Answer

Evidence provided by economists indicates that the typical person who becomes unemployed

Correct AnswerverifiedShow Answer

Structural unemployment results when wages are,for some reason,set above the level that brings supply and demand into equilibrium.

Correct AnswerverifiedShow Answer

Table 28-3 2003 Labor Data for Adults (age 16 and older) in Meditor -Refer to Table 28-3.What is the adult unemployment rate in Meditor?

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Adults who were waiting to be recalled to a job from which they had been laid off are included in the Bureau of Labor Statistics' "employed" category.

Correct AnswerverifiedShow Answer

Within the U.S.population,men and women have similar rates of unemployment.

Correct AnswerverifiedShow Answer

Suppose some country had an adult population of about 50 million,a labor-force participation rate of 60 percent,and an unemployment rate of 5 percent.How many people were unemployed?

Correct AnswerverifiedShow Answer

Minimum-wage laws

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The designation "natural" implies that the natural rate of unemployment

Correct AnswerverifiedShow Answer

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

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Frictional unemployment is

Correct AnswerverifiedShow Answer

Sectoral shifts contribute to frictional unemployment.

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Table 28-5 2010 Labor Data for Wrexington -Refer to Table 28-5.The labor-force participation rate of Wrexington in 2010 is about 33.3 percent.

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Table 28-1 Labor Data for Wrexington -Refer to Table 28-1.The labor force of Wrexington in 2005 was

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A union is a type of cartel.

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