Question 1

In 2009, based on concepts similar to those used to estimate U.S. employment figures, the Japanese adult non- institutionalized population was 110.272 million, the labor force was 65.362 million, and the number of people employed was 62.242 million. According to these numbers, the Japanese labor-force participation rate and unemployment rate were about

Accepted Answer

A)   56.4% and 2.8%.
B)   56.4% and 4.8%.
C)   59.3% and 2.8%.
D)   59.3% and 4.8%.E) C) and D)
F) A) and B)

Question 2

Table 28-11
2010 Labor Data for Tajnia 
-Refer to Table 28-11. The unemployment rate of Tajnia in 2010 is about 7.5 percent.

Accepted Answer

A) True 
 B)False

Question 3

Who of the following would be included in the Bureau of Labor Statistics' "unemployed" category?

Accepted Answer

A)   Juan Carlos, a full-time student who is not looking for work
B)   Kevin, who is on temporary layoff
C)   Andrea, who has retired and is not looking for work
D)   All of the above are correct.E) A) and B)
F) A) and C)

Question 4

Advocates of unions contend that unions are a necessary antidote to the market power of the firms that hire workers and that unions are important for helping firms respond efficiently to workers' concerns.

Accepted Answer

A) True 
 B)False

Question 5

Minimum wages create unemployment in markets where they create a

Accepted Answer

A)   shortage of labor. Unemployment of this type is called frictional.
B)   shortage of labor. Unemployment of this type is called structural.
C)   surplus of labor. Unemployment of this type is called frictional.
D)   surplus of labor. Unemployment of this type is called structural.E) A) and B)
F) A) and C)

Question 6

Paying efficiency wages means that wages are

Accepted Answer

A)   above equilibrium, and profits are higher than otherwise.
B)   above equilibrium, and profits are lower than otherwise.
C)   below equilibrium, and profits are higher than otherwise.
D)   below equilibrium, and profits are lower than otherwise.E) A) and B)
F) A) and C)

Question 7

According to 2012 data on the U.S. population, which of the following was correct?

Accepted Answer

A)   Adults of prime working age (ages 25-54)  had both higher labor-force participation rates and higher rates of unemployment compared to teenagers.
B)   Adults of prime working age (ages 25-54)  had higher labor-force participation rates and lower rates of unemployment compared to teenagers.
C)   Adults of prime working age (ages 25-54)  had both lower labor-force participation rates and lower rates of unemployment compared to teenagers.
D)   Adults of prime working age (ages 25-54)  had lower labor-force participation rates and higher rates of unemployment compared to teenagers.E) A) and C)
F) A) and B)

Question 8

Workers waiting for jobs to open up is most closely associated with

Accepted Answer

A)   cyclical unemployment.
B)   frictional unemployment.
C)   seasonal unemployment.
D)   structural unemployment.E) A) and D)
F) B) and C)

Question 9

A firm might offer efficiency wages to reduce worker turnover and thereby reduce production costs.

Accepted Answer

A) True 
 B)False

Question 10

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

Accepted Answer

A)   3.7%
B)   5.0%
C)   5.6%
D)   5.9%E) B) and C)
F) All of the above

Question 11

According to 2012 data on the U.S. population, which of the following groups of adults of prime working age (ages 25-54)  had the lowest labor-force participation rate?

Accepted Answer

A)   white males
B)   white females
C)   black males
D)   black femalesE) None of the above
F) C) and D)

Question 12

Table 28-10
The table below lists the number of people by labor force classification for the country of Springfield. 
-Refer to Table 28-10. Calculate the number in the adult population, and the labor force participation rate.

Accepted Answer

The adult population...

Question 13

Every week, the Bureau of Labor Statistics produces data on unemployment.

Accepted Answer

A) True 
 B)False

Question 14

The theory of efficiency wages explains why

Accepted Answer

A)   setting wages at the equilibrium level may increase unemployment.
B)   it may be in the best interest of firms to offer wages that are above the equilibrium level.
C)   the most efficient way to pay workers is to pay them according to their skills.
D)   it is efficient for firms to set wages at the equilibrium level.E) A) and C)
F) None of the above

Question 15

Because people move into and out of the labor force so often, statistics on unemployment are difficult to interpret.

Accepted Answer

A) True 
 B)False

Question 16

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

Accepted Answer

A)   about 25 percent, and in 2012, it was about 50 percent.
B)   about 33 percent, and in 2012, it was about 60 percent.
C)   about 50 percent, and in 2012, it was about 70 percent.
D)   about 60 percent, and in 2012, it was about 80 percent.E) B) and D)
F) A) and B)

Question 17

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 participation rate in Meditor?

Accepted Answer

A)   37.5%
B)   62.5%
C)   66.7%
D)   95.8%E) None of the above
F) B) and C)

Question 18

Within the U.S. population, teenagers (ages 16-19) have similar rates of unemployment than adults of prime working age (ages 25-54), regardless of race or gender.

Accepted Answer

A) True 
 B)False

Question 19

The destruction of manufacturing jobs and workers leaving their jobs to find better ones both contribute to frictional unemployment.

Accepted Answer

A) True 
 B)False

Question 20

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

Accepted Answer

A) True 
 B)False

Exam 28: Unemployment

Who of the following would be included in the Bureau of Labor Statistics' "unemployed" category?

Correct Answer
verified

Within the U.S. population, teenagers (ages 16-19) have similar rates of unemployment than adults of prime working age (ages 25-54), regardless of race or gender.

Correct Answer
verified

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

Correct Answer
verified

According to 2012 data on the U.S. population, which of the following groups of adults of prime working age (ages 25-54) had the lowest labor-force participation rate?

Correct Answer
verified

Every week, the Bureau of Labor Statistics produces data on unemployment.

Correct Answer
verified

Table 28-10 The table below lists the number of people by labor force classification for the country of Springfield. -Refer to Table 28-10. Calculate the number in the adult population, and the labor force participation rate.

Correct Answer
verified
The adult population...
View Answer

The destruction of manufacturing jobs and workers leaving their jobs to find better ones both contribute to frictional unemployment.

Correct Answer
verified

Paying efficiency wages means that wages are

Correct Answer
verified

The theory of efficiency wages explains why

Correct Answer
verified

According to 2012 data on the U.S. population, which of the following was correct?

Correct Answer
verified

Advocates of unions contend that unions are a necessary antidote to the market power of the firms that hire workers and that unions are important for helping firms respond efficiently to workers' concerns.

Correct Answer
verified

Correct Answer
verified

Table 28-11 2010 Labor Data for Tajnia -Refer to Table 28-11. The unemployment rate of Tajnia in 2010 is about 7.5 percent.

Correct Answer
verified

Because people move into and out of the labor force so often, statistics on unemployment are difficult to interpret.

Correct Answer
verified

Minimum wages create unemployment in markets where they create a

Correct Answer
verified

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 participation rate in Meditor?

Correct Answer
verified

A firm might offer efficiency wages to reduce worker turnover and thereby reduce production costs.

Correct Answer
verified

Workers waiting for jobs to open up is most closely associated with

Correct Answer
verified

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

Correct Answer
verified

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

Correct Answer
verified

Exam 28: Unemployment

Who of the following would be included in the Bureau of Labor Statistics' "unemployed" category?

Correct AnswerverifiedShow Answer

Within the U.S. population, teenagers (ages 16-19) have similar rates of unemployment than adults of prime working age (ages 25-54), regardless of race or gender.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

According to 2012 data on the U.S. population, which of the following groups of adults of prime working age (ages 25-54) had the lowest labor-force participation rate?

Correct AnswerverifiedShow Answer

Every week, the Bureau of Labor Statistics produces data on unemployment.

Correct AnswerverifiedShow Answer

Table 28-10 The table below lists the number of people by labor force classification for the country of Springfield. -Refer to Table 28-10. Calculate the number in the adult population, and the labor force participation rate.

Correct AnswerverifiedThe adult population...View AnswerShow Answer

The destruction of manufacturing jobs and workers leaving their jobs to find better ones both contribute to frictional unemployment.

Correct AnswerverifiedShow Answer

Paying efficiency wages means that wages are

Correct AnswerverifiedShow Answer

The theory of efficiency wages explains why

Correct AnswerverifiedShow Answer

According to 2012 data on the U.S. population, which of the following was correct?

Correct AnswerverifiedShow Answer

Advocates of unions contend that unions are a necessary antidote to the market power of the firms that hire workers and that unions are important for helping firms respond efficiently to workers' concerns.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Table 28-11 2010 Labor Data for Tajnia -Refer to Table 28-11. The unemployment rate of Tajnia in 2010 is about 7.5 percent.

Correct AnswerverifiedShow Answer

Because people move into and out of the labor force so often, statistics on unemployment are difficult to interpret.

Correct AnswerverifiedShow Answer

Minimum wages create unemployment in markets where they create a

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 participation rate in Meditor?

Correct AnswerverifiedShow Answer

A firm might offer efficiency wages to reduce worker turnover and thereby reduce production costs.

Correct AnswerverifiedShow Answer

Workers waiting for jobs to open up is most closely associated with

Correct AnswerverifiedShow Answer

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

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 male unemployment rate in Meditor?

Correct AnswerverifiedShow Answer

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The adult population...
View Answer

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