Question 1

Unemployment insurance increases frictional unemployment.

Accepted Answer

A) True 
 B)False

Question 2

The natural rate of unemployment is closely associated with the short-run ups and downs of economic activity.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following is not a cause of the decline in the U.S. men's labor­force participation rate over the past several decades?

Accepted Answer

A)   young men now stay in school longer than their fathers and grandfathers did
B)   older men now retire earlier and live longer
C)   with more women employed, there are fewer jobs now available to men
D)   more fathers now stay at home to raise their childrenE) A) and B)
F) B) and C)

Question 4

Table 28-2
Labor Data for Aridia
 
-Refer to Table 28-2. The labor-force participation rate of Aridia in 2011 was

Accepted Answer

A)   43.3%.
B)   54.2%.
C)   63.3%.
D)   68.4%.E) All of the above
F) None of the above

Question 5

Table 28-2
Labor Data for Aridia
 
-Refer to Table 28-2. The labor force of Aridia

Accepted Answer

A)   increased both from 2010 to 2011 and from 2011 to 2012.
B)   increased from 2010 to 2011 but decreased from 2011 to 2012.
C)   decreased from 2010 to 2011 but increased from 2011 to 2012.
D)   decreased both from 2010 to 2011 and from 2011 to 2012.E) A) and B)
F) None of the above

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) None of the above
F) All of the above

Question 7

A labor union is similar to a ______.

Accepted Answer

The answer of A labor union is similar to a...

Question 8

Which of the following is correct?

Accepted Answer

A)   In unionized industries, wages are below the level that would prevail in competitive markets.
B)   The introduction of a union in an industry increases the quantity of labor demanded in that industry, causes some workers in that industry to be unemployed, and increases wages in the rest of the economy.
C)   Critics argue that the allocation of labor resulting from unions is both inefficient and inequitable.
D)   All of the above are correct.E) A) and B)
F) C) and D)

Question 9

The Bureau of Labor Statistics' U­1 measure of joblessness includes only very long­term unemployed.

Accepted Answer

A) True 
 B)False

Question 10

According to 2012 data on the U.S. population, which of the following groups of teenagers ages (16-19)  had the lowest labor-force participation rate?

Accepted Answer

A)   white males
B)   white females
C)   black males
D)   black femalesE) A) and D)
F) B) and C)

Question 11

Measuring the amount of unemployment in the economy is a straightforward task.

Accepted Answer

A) True 
 B)False

Question 12

Table 28-2
Labor Data for Aridia
 
-Refer to Table 28-2. The labor-force participation rate of Aridia

Accepted Answer

A)   increased both from 2010 to 2011 and from 2011 to 2012.
B)   increased from 2010 to 2011 but decreased from 2011 to 2012.
C)   decreased from 2010 to 2011 but increased from 2011 to 2012.
D)   decreased both from 2010 to 2011 and from 2011 to 2012.E) None of the above
F) B) and D)

Question 13

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) None of the above
F) B) and C)

Question 14

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 highest labor-force participation rate?

Accepted Answer

A)   white males
B)   white females
C)   black males
D)   black femalesE) B) and D)
F) B) and C)

Question 15

The growth rate for the American economy is

Accepted Answer

A)   lower in the 21st century than for the previous 250 years.
B)   higher in the 21st century than for the previous 250 years and increasing rapidly.
C)   higher in the 21st century than for the previous 250 years but increasing slowly.
D)   approximately equal in the 21st century and in the previous 250 years.E) C) and D)
F) A) and D)

Question 16

Amy is working part-time. Tavaris is on temporary layoff. Who is included in the Bureau of Labor Statistics' "employed" category?

Accepted Answer

A)   only Amy
B)   only Tavaris
C)   both Amy and Tavaris
D)   neither Amy nor TavarisE) A) and B)
F) A) and C)

Question 17

Define efficiency wages.

Accepted Answer

Efficiency wages are...

Question 18

Table 28-6
 
-Refer to Table 28-6. What is the U-5 measure of labor underutilization?

Accepted Answer

A)   7.5%
B)   7.9%
C)   8.1%
D)   26%E) A) and B)
F) None of the above

Question 19

Karena was laid off, but she is expecting to be recalled. She has not looked for work since being laid off. Nathan is not employed, nor was he laid off. Who is counted as "unemployed" in the U.S. labor force statistics?

Accepted Answer

A)   1)  Karena and 2)  Nathan, even if Nathan has not looked for work during the previous four weeks
B)   1)  Karena and 2)  Nathan, if Nathan has looked for work during the previous four weeks
C)   1)  not Karena but 2)  Nathan, even if Nathan has not looked for work during the previous four weeks
D)   1)  not Karena but 2)  Nathan, if Nathan has looked for work during the previous four weeksE) All of the above
F) B) and D)

Question 20

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

Accepted Answer

A) True 
 B)False

Exam 20: Unemployment

Table 28-2 Labor Data for Aridia -Refer to Table 28-2. The labor-force participation rate of Aridia

Correct AnswerverifiedShow Answer

The growth rate for the American economy is

Correct AnswerverifiedShow Answer

Table 28-2 Labor Data for Aridia -Refer to Table 28-2. The labor force of Aridia

Correct AnswerverifiedShow Answer

Which of the following is correct?

Correct AnswerverifiedShow Answer

A labor union is similar to a ______.

Correct AnswerverifiedShow Answer

According to 2012 data on the U.S. population, which of the following groups of teenagers ages (16-19) had the lowest labor-force participation rate?

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 highest labor-force participation rate?

Correct AnswerverifiedShow Answer

Unemployment insurance increases frictional unemployment.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Table 28-6 -Refer to Table 28-6. What is the U-5 measure of labor underutilization?

Correct AnswerverifiedShow Answer

Define efficiency wages.

Correct AnswerverifiedEfficiency wages are...View AnswerShow Answer

Table 28-2 Labor Data for Aridia -Refer to Table 28-2. The labor-force participation rate of Aridia in 2011 was

Correct AnswerverifiedShow Answer

Karena was laid off, but she is expecting to be recalled. She has not looked for work since being laid off. Nathan is not employed, nor was he laid off. Who is counted as "unemployed" in the U.S. labor force statistics?

Correct AnswerverifiedShow Answer

Amy is working part-time. Tavaris is on temporary layoff. Who is included in the Bureau of Labor Statistics' "employed" category?

Correct AnswerverifiedShow Answer

Which of the following is not a cause of the decline in the U.S. men's labor­force participation rate over the past several decades?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Measuring the amount of unemployment in the economy is a straightforward task.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

The Bureau of Labor Statistics' U­1 measure of joblessness includes only very long­term unemployed.

Correct AnswerverifiedShow Answer

The natural rate of unemployment is closely associated with the short-run ups and downs of economic activity.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Efficiency wages are...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Which of the following is not a cause of the decline in the U.S. men's laborforce participation rate over the past several decades?

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

The Bureau of Labor Statistics' U1 measure of joblessness includes only very longterm unemployed.

Correct Answer
verified

Correct Answer
verified