FiltersDone

Question type

Essay

Multiple Choice

Short Answer

True False

Matching

Exam 20: Unemployment

Show Answer

Share

---

All types

Filters

Study FlashcardsPractice ExamLearn

Question 341

Multiple Choice

Review LaterAdd Note

Review Later

If the natural rate of unemployment is 5.2 percent and the actual rate of unemployment is 5.7 percent, then by definition there is

A) cyclical unemployment amounting to 0.5 percent of the labor force.
B) frictional unemployment amounting to 0.5 percent of the labor force.
C) structural unemployment amounting to 0.5 percent of the labor force.
D) search unemployment amounting to 0.5 percent of the labor force.

E) A) and B)
F) B) and D)

Correct Answer

verified

Show Answer

Question 342

Multiple Choice

Review LaterAdd Note

Review Later

Sheila is on a temporary layoff from her automobile factory job but has not looked for work in the last four weeks. The Bureau of Labor Statistics counts Sheila as

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

Correct Answer

verified

Show Answer

Question 343

Essay

Review LaterAdd Note

Briefly describe how labor unions can affect wages in non-unionized industries.

In an ideal labor market, wages would adjust to balance the quantity of labor supplied and the quantity of labor demanded, ensuring that all workers are always fully employed.

The invention of the telegraph led to the loss of jobs for those who had delivered mail by horse but created jobs for telegraph operators and delivery persons. This is an example of

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?

The adult population in the town of Shelbyville is 150 thousand. If 100 thousand people are employed and 20 thousand are unemployed, then the labor force participation rate is approximately

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 participation rate in Meditor?

Unions

The deviation of unemployment from its natural rate is called

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

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.

The Bureau of Labor Statistics divides the adult population into three categories: employed, unemployed, and not in the labor force.

Table 28-8 Below is data about the labor market in the state of Northwoods. -Refer to Table 28-8. If the state government imposed a minimum wage of $10, how many people would be unemployed?

Providing training for unemployed individuals is primarily intended to reduce

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.

All else equal, which of the following would increase the unemployment rate? i) an increase in the number of women who return to work after being stay-at-home mothers Ii) a preference among older men to retire early Iii) an increase in the maximum number of weeks for which someone can receive government unemployment benefits Iv) an increase in the number of previously unemployed women who stop looking for work and become discouraged workers

Unemployment insurance causes workers to be less likely to seek guarantees of job security when they negotiate with employers over the terms of employment.

Economists have found that union workers earn what percent more than similar nonunion workers?

Some of a firm's workers are made worse off by the introduction of a union.