Question 1

Which of the following does not help reduce frictional unemployment?

Accepted Answer

A)   government-run employment agencies
B)   public training programs
C)   unemployment insurance
D)   All of the above help reduce frictional unemployment.E) C) and D)
F) B) and C)

Question 2

When a union is present in a labor market,wages are not determined by the equilibrium of supply and demand.

Accepted Answer

A) True 
 B)False

Question 3

Structural unemployment results when the number of jobs is insufficient for the number of workers.

Accepted Answer

A) True 
 B)False

Question 4

Table 15-2
2009 Labor Data for Baltivia
 
-Refer to Table 15-2.How many adults were not in Baltivia's labor force in 2009?

Accepted Answer

A)   4,400
B)   6,620
C)   7,400
D)   8,690E) A) and C)
F) None of the above

Question 5

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 6

Public policy,without intending to do so,can increase frictional unemployment.

Accepted Answer

A) True 
 B)False

Question 7

Minimum-wage laws most affect which types of workers?

Accepted Answer

the least ...

Question 8

When the wage is above the equilibrium level,

Accepted Answer

A)   the labor market is functioning more efficiently than it otherwise would function.
B)   there is a shortage of labor.
C)   the quantity of labor supplied exceeds the quantity of labor demanded.
D)   job search is the primary explanation for the unemployment that is observed.E) None of the above
F) A) and B)

Question 9

When a minimum-wage law forces the wage to remain above the level that balances supply and demand,the result is a

Accepted Answer

A)   shortage of labor and a shortage of jobs.
B)   shortage of labor and a surplus of jobs.
C)   surplus of labor and a shortage of jobs.
D)   surplus of labor and a surplus of jobs.E) C) and D)
F) B) and C)

Question 10

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

Accepted Answer

A)   structurally unemployed.Structural unemployment exists even in the long run.
B)   structurally unemployed.Structural unemployment does not exist in the long run.
C)   frictionally unemployed.Frictional unemployment exists even in the long run.
D)   frictionally unemployed.Frictional unemployment does not exist in the long run.E) B) and C)
F) A) and B)

Question 11

The unemployed who quit their jobs,were fired for cause,or just entered the labor force are not eligible for unemployment insurance.

Accepted Answer

A) True 
 B)False

Question 12

The natural rate of unemployment is constant over time.

Accepted Answer

A) True 
 B)False

Question 13

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

Accepted Answer

A)   be available for work.
B)   have tried to find employment during the previous week.
C)   have previously been employed.
D)   All of the above are correct.E) B) and C)
F) None of the above

Question 14

Structural unemployment is often thought to explain relatively long spells of unemployment.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following is correct?

Accepted Answer

A)   Nearly all economists believe that unions are bad for the economy as a whole.
B)   Unionized firms pay wages above the competitive equilibrium level.
C)   Unions increase the level of employment in unionized firms.
D)   Unions decrease the level of employment in firms without unions.E) A) and C)
F) B) and C)

Question 16

Frictional unemployment is often thought to explain relatively long spells of unemployment.

Accepted Answer

A) True 
 B)False

Question 17

Meredith is looking for work as a computer programmer.Although her prospects are good,she hasn't yet taken a job.Julie is looking for work in a steel mill.Every time she shows up for an interview,there are more people looking for work than their are openings.Someone waiting in line with her tells her it has been that way for a long time.

Accepted Answer

A)   Meredith and Julie are both frictionally unemployed.
B)   Meredith and Julie are both structurally unemployed.
C)   Meredith is frictionally unemployed,and Julie is structurally unemployed.
D)   Meredith is structurally unemployed,and Julie is frictionally unemployed.E) A) and C)
F) A) and D)

Question 18

Government-run employment agencies and public training programs both seek to reduce frictional unemployment.

Accepted Answer

A) True 
 B)False

Question 19

Minimum-wage laws can keep wages

Accepted Answer

A)   above equilibrium and cause a surplus of labor.
B)   above equilibrium and cause a shortage of labor.
C)   below equilibrium and cause a surplus of labor.
D)   below equilibrium and cause a shortage of labor.E) B) and C)
F) None of the above

Question 20

Bob is looking for work after school,but everywhere he fills out an application,the managers say they always have a lot more applications than open positions.Tom has a law degree.Several firms have made him offers,but he thinks he might be able to find a firm where his talents could be put to better use.

Accepted Answer

A)   Bob and Tom are both frictionally unemployed.
B)   Bob and Tom are both structurally unemployed.
C)   Bob is frictionally unemployed,and Tom is structurally unemployed.
D)   Bob is structurally unemployed,and Tom is frictionally unemployed.E) B) and C)
F) B) and D)

Exam 28: Unemployment

The natural rate of unemployment is constant over time.

Correct Answer
verified

Government-run employment agencies and public training programs both seek to reduce frictional unemployment.

Correct Answer
verified

Which of the following does not help reduce frictional unemployment?

Correct Answer
verified

When a union is present in a labor market,wages are not determined by the equilibrium of supply and demand.

Correct Answer
verified

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 Answer
verified

Correct Answer
verified

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

Correct Answer
verified

Structural unemployment is often thought to explain relatively long spells of unemployment.

Correct Answer
verified

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

Correct Answer
verified

Structural unemployment results when the number of jobs is insufficient for the number of workers.

Correct Answer
verified

When the wage is above the equilibrium level,

Correct Answer
verified

When a minimum-wage law forces the wage to remain above the level that balances supply and demand,the result is a

Correct Answer
verified

Which of the following is correct?

Correct Answer
verified

Correct Answer
verified

Minimum-wage laws most affect which types of workers?

Correct Answer
verified
the least ...
View Answer

Table 15-2 2009 Labor Data for Baltivia -Refer to Table 15-2.How many adults were not in Baltivia's labor force in 2009?

Correct Answer
verified

Minimum-wage laws can keep wages

Correct Answer
verified

Public policy,without intending to do so,can increase frictional unemployment.

Correct Answer
verified

Frictional unemployment is often thought to explain relatively long spells of unemployment.

Correct Answer
verified

The unemployed who quit their jobs,were fired for cause,or just entered the labor force are not eligible for unemployment insurance.

Correct Answer
verified

Exam 28: Unemployment

The natural rate of unemployment is constant over time.

Correct AnswerverifiedShow Answer

Government-run employment agencies and public training programs both seek to reduce frictional unemployment.

Correct AnswerverifiedShow Answer

Which of the following does not help reduce frictional unemployment?

Correct AnswerverifiedShow Answer

When a union is present in a labor market,wages are not determined by the equilibrium of supply and demand.

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Structural unemployment is often thought to explain relatively long spells of unemployment.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Structural unemployment results when the number of jobs is insufficient for the number of workers.

Correct AnswerverifiedShow Answer

When the wage is above the equilibrium level,

Correct AnswerverifiedShow Answer

When a minimum-wage law forces the wage to remain above the level that balances supply and demand,the result is a

Correct AnswerverifiedShow Answer

Which of the following is correct?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Minimum-wage laws most affect which types of workers?

Correct Answerverifiedthe least ...View AnswerShow Answer

Table 15-2 2009 Labor Data for Baltivia -Refer to Table 15-2.How many adults were not in Baltivia's labor force in 2009?

Correct AnswerverifiedShow Answer

Minimum-wage laws can keep wages

Correct AnswerverifiedShow Answer

Public policy,without intending to do so,can increase frictional unemployment.

Correct AnswerverifiedShow Answer

Frictional unemployment is often thought to explain relatively long spells of unemployment.

Correct AnswerverifiedShow Answer

The unemployed who quit their jobs,were fired for cause,or just entered the labor force are not eligible for unemployment insurance.

Correct AnswerverifiedShow Answer

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the least ...
View Answer

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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