Question 1

Table 28-2
Labor Data for Aridia
 
-Refer to Table 28-2. The number of adults not in the labor force of Aridia in 2011 was

Accepted Answer

A)   600.
B)   1,100.
C)   1,700.
D)   2,400.E) A) and B)
F) B) and D)

Question 2

Table 28-4
2010 Labor Data for Adults ages 16 and older)  in Meditor
 
-Refer to Table 28-4. What is the adult female labor force in Meditor?

Accepted Answer

A)   40 million
B)   65 million
C)   70 million
D)   100 millionE) A) and C)
F) B) and D)

Question 3

Data on the unemployment rate in the U.S. since 1960 show that the economy always has some unemployment and that the amount changes from year to year.

Accepted Answer

A) True 
 B)False

Question 4

Suppose that some people report themselves as unemployed when, in fact, they are working in the underground economy. If these persons were counted as employed, then

Accepted Answer

A)   both the unemployment rate and labor-force participation rate would be higher.
B)   both the unemployment rate and labor-force participation rate would be lower.
C)   the unemployment rate would be higher, and the labor-force participation rate would be higher.
D)   the unemployment rate would be lower, and the labor-force participation rate would be unaffected.E) B) and D)
F) A) and D)

Question 5

Table 28-4
2010 Labor Data for Adults ages 16 and older)  in Meditor
 
-Refer to Table 28-4. What is the adult male labor force in Meditor?

Accepted Answer

A)   50 million
B)   85 million
C)   90 million
D)   130 millionE) All of the above
F) B) and C)

Question 6

Even though the difference in labor-force participation rates of U.S. males and females has narrowed, the labor- force participation rate of males remains higher than that of females.

Accepted Answer

A) True 
 B)False

Question 7

Unemployment data are collected

Accepted Answer

A)   from unemployment insurance claims.
B)   through a regular survey of about 60,000 households.
C)   through a regular survey of about 200,000 firms.
D)   All of the above are correct.E) A) and B)
F) B) and D)

Question 8

Frictional unemployment can be the consequence of

Accepted Answer

A)   workers leaving existing jobs to find ones they like better.
B)   one industry declining while another is growing.
C)   changes in the working conditions offered by competing firms.
D)   All of the above are correct.E) B) and C)
F) A) and C)

Question 9

The Bureau of Labor Statistics computes unemployment rates for the entire adult population and for more narrowly defined groups.

Accepted Answer

A) True 
 B)False

Question 10

The Bureau of Labor Statistics produces data on unemployment and other aspects of the labor market from a regular survey of about 60,000 households, called the Current Population Survey.

Accepted Answer

A) True 
 B)False

Question 11

When unions raise wages in one part of the economy, the supply of labor increases in other parts of the economy, which reduces wages in industries that are not unionized.

Accepted Answer

A) True 
 B)False

Question 12

Suppose that an anti-smoking campaign in Moscow, Russia, is successful so that Muscovites smoke less and chew gum more. Tobacco companies lay off workers, while chewing gum manufacturers employ more workers. This is an example of

Accepted Answer

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

Question 13

Economists have found that union workers earn about 30 to 40 percent more than similar workers who do not belong to unions.

Accepted Answer

A) True 
 B)False

Question 14

Who of the following would necessarily be included in the Bureau of Labor Statistics' "unemployed" category?

Accepted Answer

A)   Huey, who did not work during the previous four weeks
B)   Dewey, who tried to find new employment during the previous four weeks
C)   Louie, who was an unpaid worker during the previous four weeks
D)   None of the above is correct.E) All of the above
F) B) and D)

Question 15

The adult population must equal the sum of the employed, the unemployed, and those not in the labor force.

Accepted Answer

A) True 
 B)False

Question 16

Cyclical unemployment refers to

Accepted Answer

A)   the portion of unemployment created by job search.
B)   short-run fluctuations around the natural rate of unemployment.
C)   changes in unemployment due to changes in the natural rate of unemployment.
D)   the portion of unemployment created by wages set above the equilibrium level.E) A) and B)
F) B) and C)

Question 17

Right-to-work laws give workers in a unionized firm the right to choose whether to join the union.

Accepted Answer

A) True 
 B)False

Question 18

Teenagers have more frequent unemployment spells so, on average, they spend more time searching for jobs. Other thing the same, this means that teenagers have a

Accepted Answer

A)   higher unemployment rate. If a larger portion of the adult population were teenaged, the natural rate of unemployment would be higher.
B)   higher unemployment rate. The portion of the adult population that is teenaged does not affect the natural rate of unemployment.
C)   lower unemployment rate. If a larger portion of the adult population were teenaged, the natural rate of unemployment would be lower.
D)   lower unemployment rate. The portion of the adult population that is teenaged does not affect the natural rate of unemployment.E) A) and B)
F) None of the above

Question 19

Unemployment numbers reported by the Bureau of Labor Statistics are reported based on a

Accepted Answer

A)   monthly survey of about 60,000 households.
B)   monthly survey of about 6,000 households.
C)   weekly survey of about 60,000 households.
D)   weekly survey of about 6,000 households.E) B) and C)
F) A) and B)

Question 20

The natural rate of unemployment is any type of unemployment that does not go away on its own even in the long run.

Accepted Answer

A) True 
 B)False

Exam 20: Unemployment

Table 28-2 Labor Data for Aridia -Refer to Table 28-2. The number of adults not in the labor force of Aridia in 2011 was

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Unemployment data are collected

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Suppose that some people report themselves as unemployed when, in fact, they are working in the underground economy. If these persons were counted as employed, then

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 60,000 households, called the Current Population Survey.

Correct AnswerverifiedShow Answer

When unions raise wages in one part of the economy, the supply of labor increases in other parts of the economy, which reduces wages in industries that are not unionized.

Correct AnswerverifiedShow Answer

Data on the unemployment rate in the U.S. since 1960 show that the economy always has some unemployment and that the amount changes from year to year.

Correct AnswerverifiedShow Answer

Frictional unemployment can be the consequence of

Correct AnswerverifiedShow Answer

Suppose that an anti-smoking campaign in Moscow, Russia, is successful so that Muscovites smoke less and chew gum more. Tobacco companies lay off workers, while chewing gum manufacturers employ more workers. This is an example of

Correct AnswerverifiedShow Answer

Cyclical unemployment refers to

Correct AnswerverifiedShow Answer

Table 28-4 2010 Labor Data for Adults ages 16 and older) in Meditor -Refer to Table 28-4. What is the adult female labor force in Meditor?

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The adult population must equal the sum of the employed, the unemployed, and those not in the labor force.

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Unemployment numbers reported by the Bureau of Labor Statistics are reported based on a

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Even though the difference in labor-force participation rates of U.S. males and females has narrowed, the labor- force participation rate of males remains higher than that of females.

Correct AnswerverifiedShow Answer

Who of the following would necessarily be included in the Bureau of Labor Statistics' "unemployed" category?

Correct AnswerverifiedShow Answer

Right-to-work laws give workers in a unionized firm the right to choose whether to join the union.

Correct AnswerverifiedShow Answer

The Bureau of Labor Statistics computes unemployment rates for the entire adult population and for more narrowly defined groups.

Correct AnswerverifiedShow Answer

Teenagers have more frequent unemployment spells so, on average, they spend more time searching for jobs. Other thing the same, this means that teenagers have a

Correct AnswerverifiedShow Answer

Table 28-4 2010 Labor Data for Adults ages 16 and older) in Meditor -Refer to Table 28-4. What is the adult male labor force in Meditor?

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Economists have found that union workers earn about 30 to 40 percent more than similar workers who do not belong to unions.

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The natural rate of unemployment is any type of unemployment that does not go away on its own even in the long run.

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