Question 1

The Bureau of Labor Statistics' U­5 measure of joblessness includes marginally attached workers.

Accepted Answer

A) True 
 B)False

Question 2

If there were no factors keeping wages from reaching equilibrium then there would be no

Accepted Answer

A)   cyclical unemployment.
B)   frictional unemployment.
C)   structural unemployment.
D)   natural rate of unemployment.E) None of the above
F) A) and B)

Question 3

Figure 28-1 
-Refer to Figure 28-1. Which of the following correctly identifies lines A and B?

Accepted Answer

A)   Line A is the unemployment rate, and line B is the natural rate of unemployment.
B)   Line A is the labor force participation rate, and line B is the adult population.
C)   Line A is the employment rate, and line B is the adult population.
D)   Line A is the labor force participation rate, and line B is the unemployment rate.E) B) and C)
F) All of the above

Question 4

According to 2012 data on the U.S. population, which of the following groups of teenagers ages 16-19)  had the highest unemployment rate?

Accepted Answer

A)   white males
B)   white females
C)   black males
D)   black femalesE) B) and D)
F) B) and C)

Question 5

If the wage is kept above the equilibrium wage for any reason, the result is structural unemployment.

Accepted Answer

A) True 
 B)False

Question 6

Suppose that college professors at public universities are unionized. If public university college professors change their minds and vote not to be unionized, the quantity of public university college professors demanded will

Accepted Answer

A)   rise. The supply of workers in other similar professions will also rise.
B)   rise. The supply of workers in other similar professions will fall.
C)   fall. The supply of workers in other similar professions will rise.
D)   fall. The supply of workers in other similar professions will also fall.E) A) and B)
F) All of the above

Question 7

The introduction of a union into an industry creates a

Accepted Answer

A)   surplus of labor and so raises unemployment.
B)   surplus of labor and so reduces unemployment.
C)   shortage of labor and so raises unemployment.
D)   shortage of labor and so reduces unemployment.E) C) and D)
F) None of the above

Question 8

Recent entrants into the labor force account for about

Accepted Answer

A)   1/5 of those who are unemployed.
B)   1/4 of those who are unemployed.
C)   1/3 of those who are unemployed.
D)   1/2 of those who are unemployed.E) B) and C)
F) A) and C)

Question 9

People who are unemployed because they are in search of a job that suits their skills are included within

Accepted Answer

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

Question 10

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

Accepted Answer

A)   4.2%
B)   6.25%
C)   6.7%
D)   10%E) C) and D)
F) B) and D)

Question 11

Figure 28-3 
-Refer to Figure 28-3. If the government imposes a minimum wage of $8, then how many workers will be employed?

Accepted Answer

A)   3,000
B)   4,000
C)   5,000
D)   7,000E) None of the above
F) C) and D)

Question 12

According to 2012 data on the U.S. population, which of the following groups of adults of prime working age ages 25-54)  had the lowest labor-force participation rate?

Accepted Answer

A)   white males
B)   white females
C)   black males
D)   black femalesE) B) and D)
F) None of the above

Question 13

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

Accepted Answer

A)   0 to 5
B)   5 to 10
C)   10 to 20
D)   20 to 30E) B) and D)
F) All of the above

Question 14

Figure 28-7 
-Refer to Figure 28-7. If the minimum wage is equal to $125, what is the quantity of labor supplied, the quantity of labor demanded, and number unemployed?

Accepted Answer

Labor supplied is 35...

Question 15

Esmerelda worked part­time for her mother's business without pay. Tabitha was absent from work because she had strep throat. Who is counted as "employed" by the Bureau of Labor Statistics?

Accepted Answer

A)   Esmerelda but not Tabitha
B)   Tabitha but not Esmerelda
C)   both Esmerelda and Tabitha
D)   neither Esmerelda nor TabithaE) A) and D)
F) A) and C)

Question 16

More than 3 percent of U.S. workers leave their jobs in a typical month.

Accepted Answer

A) True 
 B)False

Question 17

Efficiency wages contribute to

Accepted Answer

A)   frictional unemployment and the natural rate of unemployment.
B)   frictional unemployment but not the natural rate of unemployment.
C)   structural unemployment and the natural rate of unemployment.
D)   structural unemployment but not the natural rate of unemployment.E) A) and D)
F) A) and C)

Question 18

Suppose that 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) C) and D)
F) B) and D)

Question 19

Frictional unemployment is inevitable because the economy is always changing.

Accepted Answer

A) True 
 B)False

Question 20

People who are unemployed because of job search are best classified as

Accepted Answer

A)   cyclically unemployed.
B)   structurally unemployed.
C)   frictionally unemployed.
D)   discouraged workers.E) None of the above
F) A) and B)

Exam 15: Unemployment

People who are unemployed because they are in search of a job that suits their skills are included within

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Efficiency wages contribute to

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Figure 28-3 -Refer to Figure 28-3. If the government imposes a minimum wage of $8, then how many workers will be employed?

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Figure 28-7 -Refer to Figure 28-7. If the minimum wage is equal to $125, what is the quantity of labor supplied, the quantity of labor demanded, and number unemployed?

Correct AnswerverifiedLabor supplied is 35...View AnswerShow Answer

According to 2012 data on the U.S. population, which of the following groups of adults of prime working age ages 25-54) had the lowest labor-force participation rate?

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According to 2012 data on the U.S. population, which of the following groups of teenagers ages 16-19) had the highest unemployment rate?

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If there were no factors keeping wages from reaching equilibrium then there would be no

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Recent entrants into the labor force account for about

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People who are unemployed because of job search are best classified as

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More than 3 percent of U.S. workers leave their jobs in a typical month.

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Frictional unemployment is inevitable because the economy is always changing.

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If the wage is kept above the equilibrium wage for any reason, the result is structural unemployment.

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

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The introduction of a union into an industry creates a

Correct AnswerverifiedShow Answer

Esmerelda worked part­time for her mother's business without pay. Tabitha was absent from work because she had strep throat. Who is counted as "employed" by the Bureau of Labor Statistics?

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Figure 28-1 -Refer to Figure 28-1. Which of the following correctly identifies lines A and B?

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

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The Bureau of Labor Statistics' U­5 measure of joblessness includes marginally attached workers.

Correct AnswerverifiedShow Answer

Suppose that 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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Suppose that college professors at public universities are unionized. If public university college professors change their minds and vote not to be unionized, the quantity of public university college professors demanded will

Correct AnswerverifiedShow Answer

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Labor supplied is 35...
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Esmerelda worked parttime for her mother's business without pay. Tabitha was absent from work because she had strep throat. Who is counted as "employed" by the Bureau of Labor Statistics?

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The Bureau of Labor Statistics' U5 measure of joblessness includes marginally attached workers.

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