Question 1

Over the past several decades, the difference between the labor-force participation rates of men and women in the U.S. has gradually increased.

Accepted Answer

A) True 
 B)False

Question 2

The Bureau of Labor Statistics counts discouraged workers as

Accepted Answer

A)   employed. Including them as employed makes the unemployment rate lower than otherwise.
B)   unemployed. Including them as unemployed makes the unemployment rate higher than otherwise.
C)   out of the labor force. If the were counted as unemployed the unemployment rate would be higher.
D)   None of the above is correct.E) B) and D)
F) B) and C)

Question 3

Since 1960, the natural rate of unemployment in the U.S. has been between

Accepted Answer

A)   0% and 1%.
B)   5% and 6%.
C)   10% and 12%.
D)   12% and 24%.E) B) and C)
F) None of the above

Question 4

Suppose that a well-respected study published in Child Psychology Today finds that a very high proportion of children raised by stay-at-home fathers are accepted to Harvard University. If a large number of previously working fathers quit their jobs and become stay-at-home dads, which of the following will occur, all else equal?

Accepted Answer

A)   (i)  and (ii)  only
B)   (ii)  and (iv)  only
C)   (i) , (ii) , and (iii)  only
D)   (ii) , (iii) , and (iv)  onlyE) None of the above
F) C) and D)

Question 5

Figure 28-7 
-Refer to Figure 28-7. If the minimum wage increases from $100 to $125, how many additional workers will be unemployed?

Accepted Answer

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

Question 6

For the Bureau of Labor Statistics to place someone in the "unemployed" category, that person must

Accepted Answer

A)   have worked no more than 10 hours during the past week..
B)   have tried to find employment during the previous year.
C)   not have been laid off.
D)   None of the above is correct.E) B) and C)
F) C) and D)

Question 7

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

Accepted Answer

A)   3,000
B)   4,000
C)   5,000
D)   7,000E) A) and B)
F) A) and C)

Question 8

More than 30 percent of U.S. workers leave their jobs in a typical month.

Accepted Answer

A) True 
 B)False

Question 9

If all workers and all jobs were the same such that all workers were equally well suited for all jobs, then job search would not be a problem.

Accepted Answer

A) True 
 B)False

Question 10

Figure 28-3 
-Refer to Figure 28-3. If the government imposes a minimum wage of $8, then how many workers will be unemployed?
A)  0

Accepted Answer

A)   3,000
B)   4,000
C)   7,000D) A) and B)
E) A) and C)

Question 11

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) None of the above
F) All of the above

Question 12

People who report being unemployed but who, in fact, are working for "under the table" pay to avoid taxes on their earnings are really employed and therefore cause the reported unemployment rate to be higher than it would otherwise be.

Accepted Answer

A) True 
 B)False

Question 13

Table 28-5
Labor Force Statistics by Age
Suppose people in the adult population in a small country are classified based on their age. 
-Refer to Table 28-5. In the proper order, which age group has the highest unemployment rate and which has the highest participation rate?

Accepted Answer

A)   under 55, under 55
B)   under 55, 55 and older
C)   55 and older, under 55
D)   55 and older, 55 and olderE) B) and D)
F) All of the above

Question 14

The demand for labor by a certain firm fluctuates as the demand for that firm's product fluctuates.

Accepted Answer

A) True 
 B)False

Question 15

When a minimum-wage law forces the wage to remain above the level that balances supply and demand, the result is a surplus of labor.

Accepted Answer

A) True 
 B)False

Question 16

The effects of unionization on wages in the sectors of the economy that are unionized causes the supply of labor in other sectors of the economy to

Accepted Answer

A)   decrease, raising wages in industries that are not unionized.
B)   decrease, reducing wages in industries that are not unionized.
C)   increase, raising wages in industries that are not unionized.
D)   increase, reducing wages in industries that are not unionized.E) All of the above
F) None of the above

Question 17

Ignoring the differences across states, explain the benefit provided to the typical worker in the United States from unemployment insurance.

Accepted Answer

Worker receives 50% ...

Question 18

Which of the following is not correct?

Accepted Answer

A)   An organized withdrawal of labor from a firm by a union is called a strike.
B)   The power of a union comes from its ability to strike if the union and the firm do not agree on the terms of employment.
C)   Economists who study the effects of unions typically find that union workers earn about 25 to 35 percent more than similar workers who do not belong to unions.
D)   Workers in unions reap the benefit of collective bargaining, while workers not in unions bear some of the cost.E) None of the above
F) A) and B)

Question 19

Structural unemployment is often thought to explain relatively short spells of unemployment.

Accepted Answer

A) True 
 B)False

Question 20

Frictional unemployment is often thought to explain relatively long spells of unemployment.

Accepted Answer

A) True 
 B)False

Exam 28: Unemployment

Over the past several decades, the difference between the labor-force participation rates of men and women in the U.S. has gradually increased.

Correct Answer
verified

The demand for labor by a certain firm fluctuates as the demand for that firm's product fluctuates.

Correct Answer
verified

Figure 28-3 -Refer to Figure 28-3. If the government imposes a minimum wage of $8, then how many workers will be unemployed? A) 0

Correct Answer
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Since 1960, the natural rate of unemployment in the U.S. has been between

Correct Answer
verified

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

Correct Answer
verified

The effects of unionization on wages in the sectors of the economy that are unionized causes the supply of labor in other sectors of the economy to

Correct Answer
verified

Table 28-5 Labor Force Statistics by Age Suppose people in the adult population in a small country are classified based on their age. -Refer to Table 28-5. In the proper order, which age group has the highest unemployment rate and which has the highest participation rate?

Correct Answer
verified

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

Correct Answer
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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 job search would not be a problem.

Correct Answer
verified

People who report being unemployed but who, in fact, are working for "under the table" pay to avoid taxes on their earnings are really employed and therefore cause the reported unemployment rate to be higher than it would otherwise be.

Correct Answer
verified

Which of the following is not correct?

Correct Answer
verified

For the Bureau of Labor Statistics to place someone in the "unemployed" category, that person must

Correct Answer
verified

Figure 28-7 -Refer to Figure 28-7. If the minimum wage increases from $100 to $125, how many additional workers will be unemployed?

Correct Answer
verified

Frictional unemployment is often thought to explain relatively long spells of unemployment.

Correct Answer
verified

More than 30 percent of U.S. workers leave their jobs in a typical month.

Correct Answer
verified

The Bureau of Labor Statistics counts discouraged workers as

Correct Answer
verified

Structural unemployment is often thought to explain relatively short spells of unemployment.

Correct Answer
verified

Ignoring the differences across states, explain the benefit provided to the typical worker in the United States from unemployment insurance.

Correct Answer
verified
Worker receives 50% ...
View Answer

When a minimum-wage law forces the wage to remain above the level that balances supply and demand, the result is a surplus of labor.

Correct Answer
verified

Exam 28: Unemployment

Over the past several decades, the difference between the labor-force participation rates of men and women in the U.S. has gradually increased.

Correct AnswerverifiedShow Answer

The demand for labor by a certain firm fluctuates as the demand for that firm's product fluctuates.

Correct AnswerverifiedShow Answer

Figure 28-3 -Refer to Figure 28-3. If the government imposes a minimum wage of $8, then how many workers will be unemployed? A) 0

Correct AnswerverifiedShow Answer

Since 1960, the natural rate of unemployment in the U.S. has been between

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

The effects of unionization on wages in the sectors of the economy that are unionized causes the supply of labor in other sectors of the economy to

Correct AnswerverifiedShow Answer

Table 28-5 Labor Force Statistics by Age Suppose people in the adult population in a small country are classified based on their age. -Refer to Table 28-5. In the proper order, which age group has the highest unemployment rate and which has the highest participation rate?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

If all workers and all jobs were the same such that all workers were equally well suited for all jobs, then job search would not be a problem.

Correct AnswerverifiedShow Answer

People who report being unemployed but who, in fact, are working for "under the table" pay to avoid taxes on their earnings are really employed and therefore cause the reported unemployment rate to be higher than it would otherwise be.

Correct AnswerverifiedShow Answer

Which of the following is not correct?

Correct AnswerverifiedShow Answer

For the Bureau of Labor Statistics to place someone in the "unemployed" category, that person must

Correct AnswerverifiedShow Answer

Figure 28-7 -Refer to Figure 28-7. If the minimum wage increases from $100 to $125, how many additional workers will be unemployed?

Correct AnswerverifiedShow Answer

Frictional unemployment is often thought to explain relatively long spells of unemployment.

Correct AnswerverifiedShow Answer

More than 30 percent of U.S. workers leave their jobs in a typical month.

Correct AnswerverifiedShow Answer

The Bureau of Labor Statistics counts discouraged workers as

Correct AnswerverifiedShow Answer

Structural unemployment is often thought to explain relatively short spells of unemployment.

Correct AnswerverifiedShow Answer

Ignoring the differences across states, explain the benefit provided to the typical worker in the United States from unemployment insurance.

Correct AnswerverifiedWorker receives 50% ...View AnswerShow Answer

When a minimum-wage law forces the wage to remain above the level that balances supply and demand, the result is a surplus of labor.

Correct AnswerverifiedShow Answer

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Worker receives 50% ...
View Answer

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