Question 1

Advocates of government-run employment agencies and public training programs believe they make job search more efficient.

Accepted Answer

A) True 
 B)False

Question 2

Of the following groups, who is eligible for unemployment insurance benefits?

Accepted Answer

A)   the unemployed who quit their jobs
B)   the unemployed who were laid off because their previous employers no longer needed their skills
C)   the unemployed who were fired for cause
D)   the unemployed who just entered the labor forceE) C) and D)
F) B) and D)

Question 3

Cyclical unemployment refers to the year-to-year fluctuations in unemployment around its natural rate.

Accepted Answer

A) True 
 B)False

Question 4

Wanda quit her job because she was unhappy at work. Arnold was fired from his landscaping job because his company was downsizing. Who is eligible for unemployment insurance benefits?

Accepted Answer

A)   both Wanda and Arnold
B)   Wanda but not Arnold
C)   Arnold but not Wanda
D)   neither Wanda nor ArnoldE) A) and C)
F) C) and D)

Question 5

Which of the following is not correct?

Accepted Answer

A)   Frictional unemployment is inevitable in a dynamic economy.
B)   Although the unemployment created by sectoral shifts is unfortunate, in the long run such changes lead to higher productivity and higher living standards.
C)   At least 10 percent of U.S. manufacturing jobs are destroyed every year.
D)   More than 13 percent of U.S. workers leave their jobs in a typical month.E) C) and D)
F) All of the above

Question 6

Minimum wages are the predominant reason for unemployment in the U.S. economy.

Accepted Answer

A) True 
 B)False

Question 7

Figure 28-4 
-Refer to Figure 28-4. If the government imposes a minimum wage of $3, how many workers will be unemployed?
A)  0

Accepted Answer

A)   2,000
B)   4,000
C)   6,000D) B) and C)
E) A) and C)

Question 8

Unemployment insurance causes workers to be less likely to seek guarantees of job security when they negotiate with employers over the terms of employment.

Accepted Answer

A) True 
 B)False

Question 9

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

Accepted Answer

A)   50 million
B)   90 million
C)   130 million
D)   135 millionE) C) and D)
F) A) and B)

Question 10

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

Question 11

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 12

Most job search in the U.S. economy takes place with the help of the government.

Accepted Answer

A) True 
 B)False

Question 13

The labor force equals the

Accepted Answer

A)   number of people employed.
B)   number of people employed plus the number of people unemployed.
C)   number of people employed plus the number of people unemployed plus teenagers between ages 14 and 16 who work at least 10 hours a week.
D)   adult population.E) None of the above
F) A) and C)

Question 14

Table 28-6 
-Refer to Table 28-6. What is the U-2 measure of labor underutilization?

Accepted Answer

A)   1.5%
B)   3.1%
C)   4.7%
D)   6.2%E) All of the above
F) A) and C)

Question 15

Causes of the decline in the U.S. men's labor­force 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 16

In the long run the unemployment rate equals

Accepted Answer

A)   zero.
B)   the cyclical rate of unemployment.
C)   the natural rate of unemployment.
D)   the sum of the cyclical and natural rate of unemployment.E) A) and B)
F) A) and C)

Question 17

Table 28-3
2009 Labor Data for Baltivia 
-Refer to Table 28-3. How many people were in Baltivia's labor force in 2009?

Accepted Answer

A)   11,000
B)   12,600
C)   13,380
D)   20,000E) B) and C)
F) C) and D)

Question 18

Which of the following is a source of frictional unemployment?

Accepted Answer

A)   changes in the composition of demand among industries or regions
B)   minimum wages
C)   labor unions
D)   None of the above is correct.E) B) and C)
F) A) and B)

Question 19

Table 28-6 
-Refer to Table 28-6. What is the U-4 measure of labor underutilization?

Accepted Answer

A)   6.5%
B)   6.9%
C)   7.0%
D)   17.9%E) None of the above
F) A) and B)

Question 20

How does the government measure the economy's rate of unemployment?

Accepted Answer

The unemployment rat...

Exam 28: Unemployment

Cyclical unemployment refers to the year-to-year fluctuations in unemployment around its natural rate.

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Table 28-3 2009 Labor Data for Baltivia -Refer to Table 28-3. How many people were in Baltivia's labor force in 2009?

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Which of the following is not correct?

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Which of the following is a source of frictional unemployment?

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The labor force equals the

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How does the government measure the economy's rate of unemployment?

Correct AnswerverifiedThe unemployment rat...View AnswerShow Answer

Figure 28-4 -Refer to Figure 28-4. If the government imposes a minimum wage of $3, how many workers will be unemployed? A) 0

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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 male population in Meditor?

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Of the following groups, who is eligible for unemployment insurance benefits?

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Table 28-6 -Refer to Table 28-6. What is the U-2 measure of labor underutilization?

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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.

Correct AnswerverifiedShow Answer

Advocates of government-run employment agencies and public training programs believe they make job search more efficient.

Correct AnswerverifiedShow Answer

Unemployment insurance causes workers to be less likely to seek guarantees of job security when they negotiate with employers over the terms of employment.

Correct AnswerverifiedShow Answer

Most job search in the U.S. economy takes place with the help of the government.

Correct AnswerverifiedShow Answer

Wanda quit her job because she was unhappy at work. Arnold was fired from his landscaping job because his company was downsizing. Who is eligible for unemployment insurance benefits?

Correct AnswerverifiedShow Answer

Table 28-6 -Refer to Table 28-6. What is the U-4 measure of labor underutilization?

Correct AnswerverifiedShow Answer

In the long run the unemployment rate equals

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

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Minimum wages are the predominant reason for unemployment in the U.S. economy.

Correct AnswerverifiedShow Answer

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The unemployment rat...
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