FiltersDone

Question type

Essay

Multiple Choice

Short Answer

True False

Matching

Exam 15: Unemployment

Show Answer

Share

---

All types

Filters

Study FlashcardsPractice ExamLearn

Question 1

Essay

Review LaterAdd Note

Review Later

Most spells of unemployment are short, and most unemployment observed at any given time is long term. How can this be?

Correct Answer

verified

Most unemployed people in the economy ar...

View Answer

Show Answer

Question 2

Multiple Choice

Review LaterAdd Note

Review Later

Suppose there are a large number of men who used to work or seek work who now no longer do either. Other things the same, this makes

A) the number of people unemployed rise but does not change the labor force.
B) the number of people unemployed rise but makes the labor force fall.
C) both the number of people unemployed and the labor force fall.
D) the number of people unemployed fall but does not change the labor force.

E) All of the above
F) B) and C)

Correct Answer

verified

C

Question 3

True/False

Review LaterAdd Note

Most people rely primarily on income other than their labor earnings to maintain their standard of living.

Sam has no job but keeps applying to get a job with a business that is unionized. He is qualified and he finds the pay attractive, but the firm is not hiring. Sam is

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

Other things the same, an increase in wages above their equilibrium level

The unemployment rate never falls to zero.

Frictional unemployment results from

The labor force equals the sum of the employed and the unemployed.

Table 15-2 2009 Labor Data for Baltivia $\begin{array}{|l|l}\hline \text { Number of adults } & 20,000 \\\hline \text { Number of adults who are paid employees } & 8,000 \\\hline \text { Number of adults who work in their own businesses } & 1,600 \\\hline \text { Number of adults who are unpaid workers in a family member's business } & 1,000 \\\hline \text { Number of adults who were temporarily absent from their jobs because of an earthquake } & 400 \\\hline \text { Number of adults who were waiting to be recalled to a job from which they had been laid off } & 200 \\\hline \begin{array}{l}\text { Number of adults who do not have a job, are available for work, and have tried to find a job } \\\text { within the past four weeks }\end{array} & 1,400 \\\hline \begin{array}{l}\text { Number of adults who do not have a job, are available for work, but have not tried to find a job } \\\text { within the past four weeks }\end{array} & 780 \\\hline \text { Number of adults who are full-time students } & 3,000 \\\hline \text { Number of adults who are homemakers or retirees } & 3,620\end{array}$ -Refer to Table 15-2. How many people were unemployed in Baltivia in 2009?

The BLS classifies people who would like to work but have given up looking for a job as

In June 2009 the BLS reported a U.S. foreign-born population of 35.3 million. Of these, 22.7 million were employed and 1.4 million were unemployed. Based on these numbers what were the unemployment rate and the labor-force participation rate of the foreign-born U.S. population?

The labor-force participation rate equals the percentage of the total adult population that is in the labor force.

For the Bureau of Labor Statistics to place someone in the "unemployed" category, that person must

Which of the following is correct?

Table 15-1 Labor Data for Aridia $\begin{array} { | l | c | c | c | } \hline \text { Year } & \mathbf { 2 0 1 0 } & \mathbf { 2 0 1 1 } & \mathbf { 2 0 1 2 } \\\hline \text { Adult population } & 2000 & 3000 & 3200 \\\hline \text { Number of emplayed } & 1400 & 1300 & 1600 \\\hline \text { Number of unemplayed } & 200 & 600 & 200 \\\hline\end{array}$ -Refer to Table 15-1. The unemployment rate of Aridia

Changes in the composition of demand among industries or regions are called sectoral shifts.

Figure 15-1 -Refer to Figure 15-1. If the government imposes a minimum wage of $4, then unemployment will increase by

The Bureau of Labor Statistics is part of the U.S. Department of

According to the theory of efficiency wages, it may be profitable for firms to keep wages high even in the presence of a surplus of labor.