Question 1

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

Accepted Answer

A) True 
 B)False

Question 2

Table 15-3
2010 Labor Data for Adults (age 16 and older) in Meditor
 
-Refer to Table 15-3.What is the adult male labor force in Meditor?

Accepted Answer

A)   50 million
B)   85 million
C)   90 million
D)   130 millionE) None of the above
F) All of the above

Question 3

Which of the following is not among the four industries with the largest employment in the United States today?

Accepted Answer

A)   lumber
B)   aircraft
C)   communications
D)   electrical componentsE) B) and D)
F) A) and B)

Question 4

Table 15-2
2009 Labor Data for Baltivia
 
-Refer to Table 15-2.How many people were unemployed in Baltivia in 2009?

Accepted Answer

A)   1,400
B)   1,600
C)   2,000
D)   2,780E) A) and C)
F) B) and C)

Question 5

The Bureau of Labor Statistics' U-1 measure of joblessness is smaller than its U-6 measure of joblessness.

Accepted Answer

A) True 
 B)False

Question 6

The Bureau of Labor Statistics produces data on unemployment and other aspects of the labor market from a regular survey of about 600 households,called the Current Population Survey.

Accepted Answer

A) True 
 B)False

Question 7

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

Question 8

Table 15-2
2009 Labor Data for Baltivia
 
-Refer to Table 15-2.How many people were in Baltivia's labor force in 2009?

Accepted Answer

A)   11,000
B)   12,600
C)   13,380
D)   20,000E) B) and D)
F) C) and D)

Question 9

Which of the following is not a contention of advocates of unions?

Accepted Answer

A)   Unions are a necessary antidote to the market power of the firms that hire workers.
B)   In the case of a "company town," a union may balance the firm's market power and protect the workers from being at the mercy of the firm's owners.
C)   The introduction of a union benefits all workers in a firm.
D)   Unions are important for helping firms respond efficiently to workers' concerns.E) All of the above
F) A) and D)

Question 10

The process by which unions and firms agree on the terms of employment is called collective bargaining.

Accepted Answer

A) True 
 B)False

Question 11

Suppose that grocery clerks and nurses are not unionized.If the nurses unionize,then

Accepted Answer

A)   the wages of both grocery clerks and nurses will rise.
B)   the wages of both grocery clerks and nurses will fall.
C)   the wages of grocery clerks will rise and the wages of nurses will fall.
D)   the wages of nurses will rise and the wages of grocery clerks will fall.E) A) and B)
F) C) and D)

Question 12

Suppose people in the adult population in a small country are classified based on their age.
 
-Refer to Labor Force Statistics by Age.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) B) and C)

Question 13

Every adult who was not employed during the previous 4 weeks is included in the Bureau of Labor Statistics' "unemployed" category.

Accepted Answer

A) True 
 B)False

Question 14

According to the theory of efficiency wages,firms operate more efficiently if wages are below the equilibrium level.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following causes of unemployment is associated with a wage rate above the market equilibrium level?

Accepted Answer

A)   minimum-wage laws
B)   unions
C)   efficiency wages
D)   All of the above are correct.E) B) and C)
F) A) and C)

Question 16

Figure 15-1 
-Refer to Figure 15-1.If the government imposes a minimum wage of $8,then employment will decrease by

Accepted Answer

A)   0 workers.
B)   2000 workers.
C)   3000 workers.
D)   4000 workers.E) A) and D)
F) All of the above

Question 17

Most spells of unemployment are short.About half of unemployment spells end with an exit from the labor force.

Accepted Answer

A) True 
 B)False

Question 18

Suppose some country had an adult population of about 25 million,a labor-force participation rate of 60 percent,and an unemployment rate of 6 percent.How many people were unemployed?

Accepted Answer

A)   0.846 million
B)   0.9 million
C)   1.5 million
D)   6 millionE) A) and D)
F) C) and D)

Question 19

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) B) and D)
F) All of the above

Question 20

Sandy has graduated from college and is devoting her time to searching for a job.She has seen plenty of openings,but has not yet been offered one that best suits her tastes and skills.Sandy is

Accepted Answer

A)   structurally unemployed.Structural unemployment exists even in the long run.
B)   structurally unemployed.There is no structural unemployment in the long run.
C)   frictionally unemployed.Frictional unemployment exists even in the long run.
D)   frictionally unemployed.There is no frictional unemployment in the long run.E) A) and B)
F) None of the above

Exam 28: Unemployment

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

Correct AnswerverifiedShow Answer

According to the theory of efficiency wages,firms operate more efficiently if wages are below the equilibrium level.

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

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

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The Bureau of Labor Statistics' U-1 measure of joblessness is smaller than its U-6 measure of joblessness.

Correct AnswerverifiedShow Answer

Every adult who was not employed during the previous 4 weeks is included in the Bureau of Labor Statistics' "unemployed" category.

Correct AnswerverifiedShow Answer

The Bureau of Labor Statistics produces data on unemployment and other aspects of the labor market from a regular survey of about 600 households,called the Current Population Survey.

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Suppose some country had an adult population of about 25 million,a labor-force participation rate of 60 percent,and an unemployment rate of 6 percent.How many people were unemployed?

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Which of the following is not a contention of advocates of unions?

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Which of the following is not among the four industries with the largest employment in the United States today?

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Table 15-2 2009 Labor Data for Baltivia -Refer to Table 15-2.How many people were in Baltivia's labor force in 2009?

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The process by which unions and firms agree on the terms of employment is called collective bargaining.

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Suppose that grocery clerks and nurses are not unionized.If the nurses unionize,then

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Most spells of unemployment are short.About half of unemployment spells end with an exit from the labor force.

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Sandy has graduated from college and is devoting her time to searching for a job.She has seen plenty of openings,but has not yet been offered one that best suits her tastes and skills.Sandy is

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Table 15-2 2009 Labor Data for Baltivia -Refer to Table 15-2.How many people were unemployed in Baltivia in 2009?

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Figure 15-1 -Refer to Figure 15-1.If the government imposes a minimum wage of $8,then employment will decrease by

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Which of the following causes of unemployment is associated with a wage rate above the market equilibrium level?

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Table 15-3 2010 Labor Data for Adults (age 16 and older) in Meditor -Refer to Table 15-3.What is the adult male labor force in Meditor?

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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

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