Question 1

Unions

Accepted Answer

A)   raise the wages of unionized workers and raise unemployment.
B)   raise the wages of unionized workers and reduce unemployment.
C)   reduce the wages of unionized workers and raise unemployment.
D)   reduce the wages of unionized workers and reduce unemployment.E) A) and B)
F) A) and C)

Question 2

In June 2009 the BLS reported an adult population of 234.9 million,a labor force of 154 million and employment of 141.6 million.Based on these numbers the unemployment rate was

Accepted Answer

A)   93.3/234.9.
B)   12.4/234.9.
C)   93.3/154.
D)   12.4/154.E) A) and B)
F) All of the above

Question 3

Efficiency wages

Accepted Answer

A)   create a shortage of labor,and so reduce unemployment.
B)   create a shortage of labor,and so raise unemployment.
C)   create a surplus of labor,and so reduce unemployment.
D)   create a surplus of labor,and so raise unemployment.E) A) and B)
F) All of the above

Question 4

Efficiency wages,minimum-wage laws,and unions all

Accepted Answer

A)   keep wages below the equilibrium level,causing a shortage of labor.
B)   keep wages below the equilibrium level,causing a surplus of labor.
C)   keep wages above the equilibrium level,causing a shortage of labor.
D)   keep wages above the equilibrium level,causing a surplus of labor.E) A) and B)
F) B) and C)

Question 5

Jill does not currently have a job,but has applied for several jobs in the previous week.Ken is an unpaid stay-at-home dad who has not searched for work in recent years.Who does the BLS count as out of the labor force?

Accepted Answer

A)   Jill but not Ken
B)   Ken but not Jill
C)   Jill and Ken
D)   neither Jill nor KenE) B) and C)
F) A) and D)

Question 6

Suppose that autoworkers are unionized in one region of the country but not in the other.If the unionized workers abolished their unions,employment

Accepted Answer

A)   and wages of autoworkers in that region would rise.
B)   of automobile workers in that region would rise,but wages of automobile workers in that region would fall.
C)   and wages of autoworkers in that region would fall.
D)   of automobile workers in that region would fall but wages of automobile workers in that region would rise.E) B) and C)
F) A) and B)

Question 7

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

Accepted Answer

A)   only Edgar
B)   only Diane
C)   both Edgar and Diane
D)   neither Edgar nor DianeE) A) and C)
F) All of the above

Question 8

Which of the following is not correct?

Accepted Answer

A)   Unions are exempt from U.S.antitrust laws.
B)   The Wagner Act of 1935 prevents U.S.employers from interfering when workers try to organize unions.
C)   The National Labor Relations Board is the U.S.government agency that enforces workers' right to unionize.
D)   Right-to-work laws prevent firms from hiring permanent replacements for workers who are on strike.E) C) and D)
F) None of the above

Question 9

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

Accepted Answer

A) True 
 B)False

Question 10

Suppose some country had an adult population of about 46 million,a labor-force participation rate of 75 percent,and an unemployment rate of 8 percent.How many people were unemployed?

Accepted Answer

A)   2.54 million
B)   2.76 million
C)   3.68 million
D)   8 millionE) B) and C)
F) A) and D)

Question 11

The Wagner Act of 1935

Accepted Answer

A)   prevents unions from acting as cartels.
B)   allows workers joining a unionized firm to choose not to join the union.
C)   prevents employers from interfering when workers try to organize a union.
D)   prevents firms from hiring permanent replacements for workers who are on strike.E) All of the above
F) A) and D)

Question 12

Other things the same,countries that offer more generous and longer-lasting unemployment insurance benefits are likely to have higher unemployment rates.

Accepted Answer

A) True 
 B)False

Question 13

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 14

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

Accepted Answer

A) True 
 B)False

Question 15

Table 15-1
Labor Data for Aridia
 
-Refer to Table 15-1.The unemployment rate of Aridia in 2012 was

Accepted Answer

A)   6.25%.
B)   11.1%.
C)   12.5%.
D)   56.25%.E) C) and D)
F) A) and B)

Question 16

Unemployment that results because it takes time for workers to search for the jobs that best suit their tastes and skills is called

Accepted Answer

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

Question 17

If a union and a firm cannot reach an agreement on the terms of employment,then the union can organize a withdrawal of labor from the firm,called a strike.

Accepted Answer

A) True 
 B)False

Question 18

The introduction of a union into a firm benefits all of that firm's workers.

Accepted Answer

A) True 
 B)False

Question 19

Noah,the owner of an electronics factory,decides to raise the wages of his workers even though he faces an excess supply of labor.His decision

Accepted Answer

A)   might increase profits if it attracts a better pool of workers to apply for his firm's jobs.
B)   will increase the excess supply of labor.
C)   may increase the quality of his work force.
D)   All of the above are correct.E) All of the above
F) A) and B)

Question 20

The Bureau of Labor Statistics defines discouraged workers as marginally attached workers who have given a job-market related reason for not currently looking for a job.

Accepted Answer

A) True 
 B)False

Exam 28: Unemployment

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

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

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

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Suppose some country had an adult population of about 46 million,a labor-force participation rate of 75 percent,and an unemployment rate of 8 percent.How many people were unemployed?

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The introduction of a union into a firm benefits all of that firm's workers.

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Suppose that autoworkers are unionized in one region of the country but not in the other.If the unionized workers abolished their unions,employment

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Unions

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In June 2009 the BLS reported an adult population of 234.9 million,a labor force of 154 million and employment of 141.6 million.Based on these numbers the unemployment rate was

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Table 15-1 Labor Data for Aridia -Refer to Table 15-1.The unemployment rate of Aridia in 2012 was

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Efficiency wages

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

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Other things the same,countries that offer more generous and longer-lasting unemployment insurance benefits are likely to have higher unemployment rates.

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Unemployment that results because it takes time for workers to search for the jobs that best suit their tastes and skills is called

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Jill does not currently have a job,but has applied for several jobs in the previous week.Ken is an unpaid stay-at-home dad who has not searched for work in recent years.Who does the BLS count as out of the labor force?

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Efficiency wages,minimum-wage laws,and unions all

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The Wagner Act of 1935

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If a union and a firm cannot reach an agreement on the terms of employment,then the union can organize a withdrawal of labor from the firm,called a strike.

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Which of the following is not correct?

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Noah,the owner of an electronics factory,decides to raise the wages of his workers even though he faces an excess supply of labor.His decision

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The Bureau of Labor Statistics defines discouraged workers as marginally attached workers who have given a job-market related reason for not currently looking for a job.

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