Question 1

From time to time, the demand for workers has risen in one region of the United States and fallen in another. This illustrates

Accepted Answer

A)  frictional unemployment created by efficiency wages.
B)  structural unemployment created by efficiency wages.
C)  frictional unemployment created by sectoral shifts.
D)  structural unemployment created by sectoral shifts.E) C) and D)
F) B) and D)

Question 2

A survey showed that in each of the past 12 months there was one person who was unemployed who worked in all other months. There were also two people who were unemployed for all 12 months. What percentage of the unemployment spells during the year was short-term, and what percentage of the unemployment in a given month was long-term?

Accepted Answer

A)  75 percent and 33.3 percent
B)  75 percent and 66.7 percent
C)  85.7 percent and 33.3 percent
D)  85.7 percent and 66.7 percentE) None of the above
F) A) and B)

Question 3

Table 15-3
2010 Labor Data for Adults (age 16 and older)  in Meditor
   Males not in labar farce 45 million  Femeles nat in labor force 35 million  Males unemplayed 5 millian  Fenales unemployed 5 millian  Males employed 85 million  Fenales enployed 65 milling \begin{array} { | l | l | } \hline 	ext { Males not in labar farce } & 45 	ext { million } \\hline 	ext { Femeles nat in labor force } & 35 	ext { million } \\hline 	ext { Males unemplayed } & 5 	ext { millian } \\hline 	ext { Fenales unemployed } & 5 	ext { millian } \\hline 	ext { Males employed } & 85 	ext { million } \\hline 	ext { Fenales enployed } & 65 	ext { milling } \\hline\end{array} Males not in labar farce  Femeles nat in labor force  Males unemplayed  Fenales unemployed  Males employed  Fenales enployed ​45 million 35 million 5 millian 5 millian 85 million 65 milling ​​ 
-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 million E) A) and C)
F) All of the above

Question 4

According to 2009 data on the U.S. population, which of the following groups of teenagers (ages 16-19)  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) All of the above

Question 5

Shannon is a full-time homemaker not currently searching for paid work. Noah is a full-time student who is not looking for a job. Who is included in the labor force by the Bureau of Labor Statistics?

Accepted Answer

A)  only Shannon
B)  only Noah
C)  both Shannon and Noah
D)  neither Shannon nor NoahE) None of the above
F) C) and D)

Question 6

Studies have shown that the design of the unemployment insurance system reduces the job search effort of the unemployed.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following is not correct?

Accepted Answer

A)  A union is a worker association that bargains with employers over wages, benefits, and working conditions.
B)  Unions play a much larger role in the U.S. labor market now than they did in the past.
C)  Unions play a large role in many European countries.
D)  A union is a type of cartel.E) A) and B)
F) C) and D)

Question 8

If all workers and all jobs were the same such that all workers were equally well suited for all jobs, then there would be no frictional unemployment.

Accepted Answer

A) True 
 B)False

Question 9

About what percentage of jobs are destroyed every year and about what percentage of workers leave their jobs in a typical month?

Accepted Answer

A)  1% and 5%
B)  5% and 1%
C)  3% and 10%
D)  10% and 3%E) A) and C)
F) None of the above

Question 10

Caitlin is an unpaid worker in her family's bakery. The Bureau of Labor Statistics counts Caitlin as

Accepted Answer

A)  unemployed and in the labor force.
B)  unemployed and not in the labor force.
C)  employed and in the labor force.
D)  employed and not in the labor force.E) None of the above
F) B) and C)

Question 11

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 12

When a union raises the wage above the equilibrium level, it reduces the quantity of labor supplied and raises the quantity of labor demanded, resulting in unemployment.

Accepted Answer

A) True 
 B)False

Question 13

The labor-force participation rate equals the percentage of the labor force that is either employed or unemployed.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following is not correct?

Accepted Answer

A)  Frictional unemployment results from the process of matching workers and jobs.
B)  Structural unemployment results when the number of jobs is insufficient for the number of workers.
C)  Minimum wages are the predominant reason for unemployment in the U.S. economy.
D)  When a minimum-wage law forces the wage to remain above the level that balances supply and demand, it raises the quantity of labor supplied and reduces the quantity of labor demanded compared to the equilibrium level.E) A) and D)
F) B) and D)

Question 15

Consider two labor markets in which jobs are equally attractive in all respects other than the wage rate. All workers are equally able to do either job. Initially, both labor markets are perfectly competitive. If a union organizes workers in one of the markets, then the wage rates will tend to

Accepted Answer

A)  rise in both markets.
B)  fall in both markets
C)  rise for the union jobs, but remain unchanged for the nonunion jobs.
D)  rise for the union jobs and fall for the nonunion jobs.E) All of the above
F) None of the above

Question 16

The Bureau of Labor Statistics defines marginally attached workers as persons who currently are neither working nor looking for work but indicate that they want and are available for a job and have looked for work sometime in the recent past.

Accepted Answer

A) True 
 B)False

Question 17

Table 15-5
2010 Labor Data for Tajnia
 $$\begin{array} { | l | l | } 
\hline \text { Number of adiults employed } & 10,000 \
\hline \text { Number of adults unemployed } & 2,250 \
\hline \text { Number of atults not in the labar force } & 17,750 \
\hline
\end{array}$$
-Refer to Table 15-5. The labor-force participation rate of Tajnia in 2010 is about 33.3 percent.

Accepted Answer

A) True 
 B)False

Question 18

Workers searching for jobs that best suit them is most closely associated with

Accepted Answer

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

Question 19

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) None of the above

Question 20

Sectoral changes in demand

Accepted Answer

A)  create frictional unemployment, while firms paying wages above equilibrium to attract a better pool of candidates creates structural unemployment.
B)  create structural unemployment, while firms paying wages above equilibrium to attract a better pool of candidates creates frictional unemployment.
C)  and firms paying wages above equilibrium to attract a better pool of candidates both create structural unemployment.
D)  and firms paying wages above equilibrium to attract a better pool of candidates both create frictional unemployment.E) C) and D)
F) None of the above

Exam 15: Unemployment

Correct Answer
verified

About what percentage of jobs are destroyed every year and about what percentage of workers leave their jobs in a typical month?

Correct Answer
verified

The Bureau of Labor Statistics defines marginally attached workers as persons who currently are neither working nor looking for work but indicate that they want and are available for a job and have looked for work sometime in the recent past.

Correct Answer
verified

The labor-force participation rate equals the percentage of the labor force that is either employed or unemployed.

Correct Answer
verified

Sectoral changes in demand

Correct Answer
verified

If all workers and all jobs were the same such that all workers were equally well suited for all jobs, then there would be no frictional unemployment.

Correct Answer
verified

Shannon is a full-time homemaker not currently searching for paid work. Noah is a full-time student who is not looking for a job. Who is included in the labor force by the Bureau of Labor Statistics?

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

Studies have shown that the design of the unemployment insurance system reduces the job search effort of the unemployed.

Correct Answer
verified

When a union raises the wage above the equilibrium level, it reduces the quantity of labor supplied and raises the quantity of labor demanded, resulting in unemployment.

Correct Answer
verified

Consider two labor markets in which jobs are equally attractive in all respects other than the wage rate. All workers are equally able to do either job. Initially, both labor markets are perfectly competitive. If a union organizes workers in one of the markets, then the wage rates will tend to

Correct Answer
verified

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.

Correct Answer
verified

Workers searching for jobs that best suit them is most closely associated with

Correct Answer
verified

Correct Answer
verified

Which of the following is not correct?

Correct Answer
verified

Correct Answer
verified

Caitlin is an unpaid worker in her family's bakery. The Bureau of Labor Statistics counts Caitlin as

Correct Answer
verified

According to 2009 data on the U.S. population, which of the following groups of teenagers (ages 16-19) had the highest labor-force participation rate?

Correct Answer
verified

From time to time, the demand for workers has risen in one region of the United States and fallen in another. This illustrates

Correct Answer
verified

Exam 15: Unemployment

Correct AnswerverifiedShow Answer

About what percentage of jobs are destroyed every year and about what percentage of workers leave their jobs in a typical month?

Correct AnswerverifiedShow Answer

The Bureau of Labor Statistics defines marginally attached workers as persons who currently are neither working nor looking for work but indicate that they want and are available for a job and have looked for work sometime in the recent past.

Correct AnswerverifiedShow Answer

The labor-force participation rate equals the percentage of the labor force that is either employed or unemployed.

Correct AnswerverifiedShow Answer

Sectoral changes in demand

Correct AnswerverifiedShow Answer

If all workers and all jobs were the same such that all workers were equally well suited for all jobs, then there would be no frictional unemployment.

Correct AnswerverifiedShow Answer

Shannon is a full-time homemaker not currently searching for paid work. Noah is a full-time student who is not looking for a job. Who is included in the labor force by the Bureau of Labor Statistics?

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

Studies have shown that the design of the unemployment insurance system reduces the job search effort of the unemployed.

Correct AnswerverifiedShow Answer

When a union raises the wage above the equilibrium level, it reduces the quantity of labor supplied and raises the quantity of labor demanded, resulting in unemployment.

Correct AnswerverifiedShow Answer

Consider two labor markets in which jobs are equally attractive in all respects other than the wage rate. All workers are equally able to do either job. Initially, both labor markets are perfectly competitive. If a union organizes workers in one of the markets, then the wage rates will tend to

Correct AnswerverifiedShow Answer

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.

Correct AnswerverifiedShow Answer

Workers searching for jobs that best suit them is most closely associated with

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Which of the following is not correct?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Caitlin is an unpaid worker in her family's bakery. The Bureau of Labor Statistics counts Caitlin as

Correct AnswerverifiedShow Answer

According to 2009 data on the U.S. population, which of the following groups of teenagers (ages 16-19) had the highest labor-force participation rate?

Correct AnswerverifiedShow Answer

From time to time, the demand for workers has risen in one region of the United States and fallen in another. This illustrates

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

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