Question 1

Cyclical unemployment refers to

Accepted Answer

A)   the portion of unemployment created by job search.
B)   short-run fluctuations around the natural rate of unemployment.
C)   changes in unemployment due to changes in the natural rate of unemployment.
D)   the portion of unemployment created by wages set above the equilibrium level.E) B) and D)
F) B) and C)

Question 2

The process by which unions and firms agree on the terms of employment is called collective bargaining.

Accepted Answer

A) True 
 B)False

Question 3

According to the theory of efficiency wages, firms operate more efficiently if wages are below the equilibrium level.

Accepted Answer

A) True 
 B)False

Question 4

Table 28-4
2010 Labor Data for Adults ages 16 and older)  in Meditor
 
-Refer to Table 28-4. What is the adult labor force in Meditor?

Accepted Answer

A)   90 million
B)   150 million
C)   160 million
D)   230 millionE) C) and D)
F) B) and C)

Question 5

If people who report being unemployed are not, in fact, trying hard to find a job, then the reported unemployment rate will be biased upward.

Accepted Answer

A) True 
 B)False

Question 6

Table 28-6
 
-Refer to Table 28-6. What is the U-1 measure of labor underutilization?

Accepted Answer

A)   1.6%
B)   3.1%
C)   6.2%
D)   7.0%E) B) and D)
F) None of the above

Question 7

Figure 28-7 
-Refer to Figure 28-7. If the minimum wage is set at $100, how many will be unemployed?

Accepted Answer

The answer of Figure 28-7 
-Refer to Figure 28-7. If...

Question 8

In the U.S., the National Labor Relations Board is the government agency that enforces workers' right to unionize.

Accepted Answer

A) True 
 B)False

Question 9

Table 28-3
2009 Labor Data for Baltivia
 
-Refer to Table 28-3. How many adults were not in Baltivia's labor force in 2009?

Accepted Answer

A)   4,400
B)   6,620
C)   7,400
D)   8,690E) A) and D)
F) None of the above

Question 10

Suppose that neither food-service workers nor retail salespeople are unionized. If food-service workers unionize, then the supply of retail salespeople will

Accepted Answer

A)   rise, as will the wages of retail salespeople.
B)   rise, and the wages of retail salespeople will fall.
C)   fall, as will the wages of retail salespeople.
D)   fall, and the wages of retail salespeople will rise.E) C) and D)
F) B) and D)

Question 11

Which of the following is not correct?

Accepted Answer

A)   Unions are exempt from U.S. antitrust laws.
B)   The Wagner Act of 1935 prevents U.S. employers from interfering when workers try to organize unions.
C)   The National Labor Relations Board is the U.S. government agency that enforces workers' right to unionize.
D)   Right-to-work laws prevent firms from hiring permanent replacements for workers who are on strike.E) A) and C)
F) A) and B)

Question 12

Table 28-11
2010 Labor Data for Tajnia
 
-Refer to Table 28-11. The labor-force participation rate of Tajnia in 2010 is about 40.8 percent.

Accepted Answer

A) True 
 B)False

Question 13

Figure 28-4 
-Refer to Figure 28-4. If 6,000 workers are unemployed, then the minimum wage must be

Accepted Answer

A)   $1.
B)   $4.
C)   $6.
D)   $7.E) B) and D)
F) B) and C)

Question 14

Cyclical unemployment is closely associated with

Accepted Answer

A)   long-term economic growth.
B)   short-run ups and downs of the economy.
C)   fluctuations in the natural rate of unemployment.
D)   changes in the minimum wage.E) B) and C)
F) All of the above

Question 15

Economists have found that union workers earn about 30 to 40 percent more than similar workers who do not belong to unions.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following is a requirement for the Bureau of Labor Statistics to place someone in the "unemployed" category?

Accepted Answer

A)   The person must have worked no more than 10 hours during the past week.
B)   The person must have tried to find employment during the previous four weeks.
C)   The person may not have been laid off.
D)   All of the above are correct.E) None of the above
F) A) and B)

Question 17

Suppose that dental hygienists are unionized in the eastern region of the country but not in the western region. If the unionized workers in the eastern region abolished their unions, employment

Accepted Answer

A)   and wages of dental hygienists in the eastern region would rise.
B)   of dental hygienists in the eastern region would rise, but wages of dental hygienists in the eastern region would fall.
C)   and wages of dental hygienists in the eastern region would fall.
D)   of dental hygienists in the eastern region would fall, but wages of dental hygienists in the eastern region would rise.E) A) and C)
F) B) and D)

Question 18

The amount of unemployment varies

Accepted Answer

A)   little over time and across countries.
B)   little over time but substantially across countries.
C)   substantially over time but little across countries.
D)   substantially over time and across countries.E) B) and D)
F) A) and B)

Question 19

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) B) and D)
F) B) and C)

Question 20

U.S. Department of Labor data show that minimum-wage workers tend to be young, less educated, more likely to be working part time, and concentrated in the leisure and hospitality industry.

Accepted Answer

A) True 
 B)False

Exam 15: Unemployment

According to the theory of efficiency wages, firms operate more efficiently if wages are below the equilibrium level.

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Cyclical unemployment is closely associated with

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If people who report being unemployed are not, in fact, trying hard to find a job, then the reported unemployment rate will be biased upward.

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

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Figure 28-7 -Refer to Figure 28-7. If the minimum wage is set at $100, how many will be unemployed?

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Suppose that neither food-service workers nor retail salespeople are unionized. If food-service workers unionize, then the supply of retail salespeople will

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Which of the following is a requirement for the Bureau of Labor Statistics to place someone in the "unemployed" category?

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Table 28-11 2010 Labor Data for Tajnia -Refer to Table 28-11. The labor-force participation rate of Tajnia in 2010 is about 40.8 percent.

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U.S. Department of Labor data show that minimum-wage workers tend to be young, less educated, more likely to be working part time, and concentrated in the leisure and hospitality industry.

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Figure 28-4 -Refer to Figure 28-4. If 6,000 workers are unemployed, then the minimum wage must be

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Table 28-4 2010 Labor Data for Adults ages 16 and older) in Meditor -Refer to Table 28-4. What is the adult labor force in Meditor?

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Table 28-6 -Refer to Table 28-6. What is the U-1 measure of labor underutilization?

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Economists have found that union workers earn about 30 to 40 percent more than similar workers who do not belong to unions.

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The amount of unemployment varies

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Cyclical unemployment refers to

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Which of the following is not correct?

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In the U.S., the National Labor Relations Board is the government agency that enforces workers' right to unionize.

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Suppose that dental hygienists are unionized in the eastern region of the country but not in the western region. If the unionized workers in the eastern region abolished their unions, employment

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The process by which unions and firms agree on the terms of employment is called collective bargaining.

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Table 28-3 2009 Labor Data for Baltivia -Refer to Table 28-3. How many adults were not in Baltivia's labor force in 2009?

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