Question 1

More than one-third of the unemployed are recent entrants into the labor force.

Accepted Answer

A) True 
 B)False

Question 2

An increase in the minimum wage

Accepted Answer

A)   increases both the quantity demanded and the quantity supplied of labor.
B)   decreases both the quantity demanded and the quantity supplied of labor.
C)   increases the quantity of labor demanded but decreases the quantity of labor supplied.
D)   decreases the quantity of labor demanded but increases the quantity of labor supplied.E) A) and D)
F) A) and C)

Question 3

Full­time students and homemakers are included in the Bureau of Labor Statistics' "unemployed" category.

Accepted Answer

A) True 
 B)False

Question 4

Table 28-7
Below is data about the labor market in the city of Productionville. 
-Refer to Table 28-7. If the local government imposed a minimum wage of $6 in Productionville, how many people would be unemployed?

Accepted Answer

A)   0
B)   2,000
C)   3,000
D)   5,000E) A) and B)
F) A) and C)

Question 5

Suppose that the adult population is 6 million, the number of employed is 3.8 million, and the labor-force participation rate is 70%. What is the unemployment rate?

Accepted Answer

A)   6.7%
B)   9.5%
C)   10.5%
D)   28%E) All of the above
F) A) and B)

Question 6

Unions contribute to

Accepted Answer

A)   structural unemployment but not the natural rate of unemployment.
B)   the natural rate of unemployment but not structural unemployment.
C)   both structural unemployment and the natural rate of unemployment.
D)   neither structural unemployment nor the natural rate of unemployment.E) A) and D)
F) B) and C)

Question 7

In the absence of right-to-work laws, workers

Accepted Answer

A)   that went on strike could be permanently replaced.
B)   might be required to join the union if they worked for a unionized firm.
C)   would not be able to unionize.
D)   would not be able to strike.E) None of the above
F) C) and D)

Question 8

Consider two people who are currently out of work. Tim is not looking for work because there have been many job cuts where he lives, and he doesn't think it likely that he will find work. Bev is not currently looking for work, but she would like a job, and she has looked for work in the past. The Bureau of Labor Statistics considers

Accepted Answer

A)   both Tim and Bev to be marginally attached workers.
B)   neither Tim nor Bev to be marginally attached workers.
C)   only Tim to be a marginally attached worker.
D)   only Bev to be a marginally attached worker.E) A) and B)
F) A) and D)

Question 9

Suppose that 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) B) and D)
F) B) and C)

Question 10

Not all unemployment ends with the job seeker finding a job.

Accepted Answer

A) True 
 B)False

Question 11

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) A) and C)
F) All of the above

Question 12

Sectoral changes in demand

Accepted Answer

A)   create frictional unemployment, while firms paying wages above equilibrium to attract a better pool of candidates creates structural unemployment.
B)   create structural unemployment, while firms paying wages above equilibrium to attract a better pool of candidates creates frictional unemployment.
C)   and firms paying wages above equilibrium to attract a better pool of candidates both create structural unemployment.
D)   and firms paying wages above equilibrium to attract a better pool of candidates both create frictional unemployment.E) None of the above
F) B) and C)

Question 13

Someone who loses his job at a truck factory because the demand for trucks has fallen and the demand for cars has risen, is structurally unemployed.

Accepted Answer

A) True 
 B)False

Question 14

Sirius has just finished high school and started looking for his first job, but has not yet found one. Other things the same, the unemployment rate

Accepted Answer

A)   and the labor-force participation rate both increase.
B)   increases, and the labor-force participation rate is unaffected.
C)   is unaffected, and the labor-force participation rate increases.
D)   and the labor-force participation rate are both unaffected.E) A) and D)
F) All of the above

Question 15

Some persons are counted as out of the labor force because they have made no serious or recent effort to look for work. However, some of these individuals may want to work even though they are too discouraged to make a serious effort to look for work. If these individuals were counted as unemployed instead of out of the labor force, then

Accepted Answer

A)   both the unemployment rate and labor-force participation rate would be higher.
B)   the unemployment rate would be higher ,and the labor-force participation rate would be lower.
C)   the unemployment rate would be lower, and the labor-force participation rate would be higher.
D)   both the unemployment rate and labor-force participation rate would be lower.E) All of the above
F) A) and B)

Question 16

Unemployment generated by the existence of labor unions is structural unemployment and so contributes to the natural rate of unemployment.

Accepted Answer

A) True 
 B)False

Question 17

If all workers and all jobs were the same such that all workers were equally well suited for all jobs, then there would be no

Accepted Answer

A)   cyclical unemployment.
B)   frictional unemployment.
C)   natural rate of unemployment.
D)   structural unemployment.E) B) and D)
F) A) and B)

Question 18

Table 28-9
The table below lists the number of people by labor force classification for the country of Shelbyville. 
-Refer to Table 28-9. What is the unemployment rate?

Accepted Answer

The answer of Table 28-9
The table below lists the number...

Question 19

Within the U.S. population, women of prime working age (ages 25-54) have higher rates of unemployment than men of prime working age (ages 25-54), regardless of race.

Accepted Answer

A) True 
 B)False

Question 20

Efficiency wages contribute to

Accepted Answer

A)   frictional unemployment and the natural rate of unemployment.
B)   frictional unemployment but not the natural rate of unemployment.
C)   structural unemployment and the natural rate of unemployment.
D)   structural unemployment but not the natural rate of unemployment.E) B) and D)
F) None of the above

Exam 28: Unemployment

Table 28-9 The table below lists the number of people by labor force classification for the country of Shelbyville. -Refer to Table 28-9. What is the unemployment rate?

Correct Answer
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Correct Answer
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Not all unemployment ends with the job seeker finding a job.

Correct Answer
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Correct Answer
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Unemployment generated by the existence of labor unions is structural unemployment and so contributes to the natural rate of unemployment.

Correct Answer
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An increase in the minimum wage

Correct Answer
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Sirius has just finished high school and started looking for his first job, but has not yet found one. Other things the same, the unemployment rate

Correct Answer
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In the absence of right-to-work laws, workers

Correct Answer
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Someone who loses his job at a truck factory because the demand for trucks has fallen and the demand for cars has risen, is structurally unemployed.

Correct Answer
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Suppose that the adult population is 6 million, the number of employed is 3.8 million, and the labor-force participation rate is 70%. What is the unemployment rate?

Correct Answer
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Sectoral changes in demand

Correct Answer
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Unions contribute to

Correct Answer
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If all workers and all jobs were the same such that all workers were equally well suited for all jobs, then there would be no

Correct Answer
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Fulltime students and homemakers are included in the Bureau of Labor Statistics' "unemployed" category.

Correct Answer
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More than one-third of the unemployed are recent entrants into the labor force.

Correct Answer
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Within the U.S. population, women of prime working age (ages 25-54) have higher rates of unemployment than men of prime working age (ages 25-54), regardless of race.

Correct Answer
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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?

Correct Answer
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Efficiency wages contribute to

Correct Answer
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Suppose that 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
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Table 28-7 Below is data about the labor market in the city of Productionville. -Refer to Table 28-7. If the local government imposed a minimum wage of $6 in Productionville, how many people would be unemployed?

Correct Answer
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Exam 28: Unemployment

Table 28-9 The table below lists the number of people by labor force classification for the country of Shelbyville. -Refer to Table 28-9. What is the unemployment rate?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Not all unemployment ends with the job seeker finding a job.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Unemployment generated by the existence of labor unions is structural unemployment and so contributes to the natural rate of unemployment.

Correct AnswerverifiedShow Answer

An increase in the minimum wage

Correct AnswerverifiedShow Answer

Sirius has just finished high school and started looking for his first job, but has not yet found one. Other things the same, the unemployment rate

Correct AnswerverifiedShow Answer

In the absence of right-to-work laws, workers

Correct AnswerverifiedShow Answer

Someone who loses his job at a truck factory because the demand for trucks has fallen and the demand for cars has risen, is structurally unemployed.

Correct AnswerverifiedShow Answer

Suppose that the adult population is 6 million, the number of employed is 3.8 million, and the labor-force participation rate is 70%. What is the unemployment rate?

Correct AnswerverifiedShow Answer

Sectoral changes in demand

Correct AnswerverifiedShow Answer

Unions contribute to

Correct AnswerverifiedShow Answer

If all workers and all jobs were the same such that all workers were equally well suited for all jobs, then there would be no

Correct AnswerverifiedShow Answer

Full­time students and homemakers are included in the Bureau of Labor Statistics' "unemployed" category.

Correct AnswerverifiedShow Answer

More than one-third of the unemployed are recent entrants into the labor force.

Correct AnswerverifiedShow Answer

Within the U.S. population, women of prime working age (ages 25-54) have higher rates of unemployment than men of prime working age (ages 25-54), regardless of race.

Correct AnswerverifiedShow Answer

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?

Correct AnswerverifiedShow Answer

Efficiency wages contribute to

Correct AnswerverifiedShow Answer

Suppose that 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

Table 28-7 Below is data about the labor market in the city of Productionville. -Refer to Table 28-7. If the local government imposed a minimum wage of $6 in Productionville, how many people would be unemployed?

Correct AnswerverifiedShow Answer

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Fulltime students and homemakers are included in the Bureau of Labor Statistics' "unemployed" category.

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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