Question 1

More than three-fourths of the unemployed are recent entrants into the labor force.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following is not correct?

Accepted Answer

A)   An organized withdrawal of labor from a firm by a union is called a strike.
B)   The power of a union comes from its ability to strike if the union and the firm do not agree on the terms of employment.
C)   Economists who study the effects of unions typically find that union workers earn about 25 to 35 percent more than similar workers who do not belong to unions.
D)   Workers in unions reap the benefit of collective bargaining,while workers not in unions bear some of the cost.E) B) and C)
F) None of the above

Question 3

In the U.S. ,the National Labor Relations Board is the government agency that enforces workers' right to unionize.

Accepted Answer

A) True 
 B)False

Question 4

If the minimum wage were currently above the equilibrium wage,then a decrease in the minimum wage that kept it above the equilibrium wage would

Accepted Answer

A)   increase the surplus of labor.
B)   reduce the surplus of labor.
C)   increase the shortage of labor.
D)   reduce the shortage of labor,E) B) and C)
F) A) and C)

Question 5

Meredith recently graduated from college but has not yet started working.To be counted as unemployed she

Accepted Answer

A)   does not have to have looked for work.
B)   must have looked for work no more than a week ago.
C)   must have looked for work no more than 4 weeks ago.
D)   must have looked for work no more than 12 weeks ago.E) B) and C)
F) A) and C)

Question 6

Figure 15-1 
-Refer to Figure 15-1.If the government imposes a minimum wage of $4,then how many workers will be employed?

Accepted Answer

A)   3000
B)   4000
C)   5000
D)   7000E) A) and B)
F) All of the above

Question 7

It is only among the least skilled and least experienced members of the labor force that minimum-wage laws cause unemployment.

Accepted Answer

A) True 
 B)False

Question 8

Providing training for unemployed individuals is primarily intended to reduce

Accepted Answer

A)   frictional unemployment.
B)   seasonal unemployment.
C)   structural unemployment.
D)   cyclical unemployment.E) All of the above
F) None of the above

Question 9

Refer to Scenario 28-1.What is the total labor force?

Accepted Answer

A)   25 million
B)   28 million
C)   29 million
D)   30 millionE) B) and C)
F) C) and D)

Question 10

Adam is looking for a job in marketing.He has had some offers and his prospects are promising but he's not yet accepted a job.Amanda lost her job working for Mercury Bicycles because many customers decided they prefer bicycles manufactured by Ultimate Bicycles instead.Who is frictionally unemployed?

Accepted Answer

A)   Adam but not Amanda
B)   Amanda but not Adam
C)   Adam and Amanda
D)   neither Amanda nor AdamE) C) and D)
F) None of the above

Question 11

The Bureau of Labor Statistics produces data on unemployment and other aspects of the labor market from a regular survey of about

Accepted Answer

A)   600 households.
B)   6,000 households.
C)   60,000 households.
D)   6,000,000 households.E) B) and C)
F) A) and D)

Question 12

People who report being not in the labor force but who,in fact,want to work but have given up trying to find a job after an unsuccessful search cause the reported unemployment rate to be lower than it would otherwise be.

Accepted Answer

A) True 
 B)False

Question 13

Not all unemployment ends with the job seeker finding a job.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following includes everyone in the adult population that the Bureau of Labor Statistics counts as unemployed?

Accepted Answer

A)   anyone who is not employed
B)   anyone who is not employed,is available for work,and has looked for work in the past 4 weeks
C)   anyone who is not employed,is available for work,has looked for work in the past 4 weeks,and anyone who is waiting to be recalled from a job from which they have been laid off
D)   anyone who is not employed,is available for work,has looked for work in the past 4 weeks,anyone who is waiting to be recalled from a job from which they have been laid off,and anyone who is employed part time and has searched for full time employment in the past 4 weeksE) A) and B)
F) C) and D)

Question 15

An American worker who becomes unemployed typically receives 100% of her former salary during the first six months she is unemployed.

Accepted Answer

A) True 
 B)False

Question 16

In the U.S. ,it is illegal for employers to interfere when workers try to organize unions.

Accepted Answer

A) True 
 B)False

Question 17

Unions contribute to

Accepted Answer

A)   frictional unemployment but not the natural rate of unemployment.
B)   the natural rate of unemployment but not frictional unemployment.
C)   both frictional unemployment and the natural rate of unemployment.
D)   neither frictional unemployment nor the natural rate of unemployment.E) All of the above
F) A) and D)

Question 18

An economist claims that changes in information technology and unemployment insurance have reduced unemployment.Which of these changes affect frictional unemployment?

Accepted Answer

A)   both the changes in information technology and unemployment insurance
B)   only the changes in information technology
C)   only the changes in unemployment insurance
D)   neither the changes in information technology nor the changes in unemployment insuranceE) All of the above
F) C) and D)

Question 19

Which of the following is not correct?

Accepted Answer

A)   Frictional unemployment is inevitable in a dynamic economy.
B)   Although the unemployment created by sectoral shifts is unfortunate,in the long run such changes lead to higher productivity and higher living standards.
C)   At least 10 percent of U.S.manufacturing jobs are destroyed every year.
D)   More than 13 percent of U.S.workers leave their jobs in a typical month.E) A) and B)
F) None of the above

Question 20

Consider two people who are currently out of work.Tim is not looking for work because there have been many job cuts where he lives and he doesn't think it likely that he will find work.Bev is not currently looking for work,but she would like a job and she has looked for work in the past.The Bureau of Labor Statistics considers

Accepted Answer

A)   both Tim and Bev to be marginally attached workers.
B)   neither Tim nor Bev to be marginally attached workers.
C)   only Tim to be a marginally attached worker.
D)   only Bev to be a marginally attached worker.E) A) and B)
F) A) and D)

Exam 28: Unemployment

An economist claims that changes in information technology and unemployment insurance have reduced unemployment.Which of these changes affect frictional unemployment?

Correct Answer
verified

Figure 15-1 -Refer to Figure 15-1.If the government imposes a minimum wage of $4,then how many workers will be employed?

Correct Answer
verified

People who report being not in the labor force but who,in fact,want to work but have given up trying to find a job after an unsuccessful search cause the reported unemployment rate to be lower than it would otherwise be.

Correct Answer
verified

If the minimum wage were currently above the equilibrium wage,then a decrease in the minimum wage that kept it above the equilibrium wage would

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

Correct Answer
verified

Not all unemployment ends with the job seeker finding a job.

Correct Answer
verified

In the U.S. ,it is illegal for employers to interfere when workers try to organize unions.

Correct Answer
verified

In the U.S. ,the National Labor Relations Board is the government agency that enforces workers' right to unionize.

Correct Answer
verified

An American worker who becomes unemployed typically receives 100% of her former salary during the first six months she is unemployed.

Correct Answer
verified

More than three-fourths of the unemployed are recent entrants into the labor force.

Correct Answer
verified

Unions contribute to

Correct Answer
verified

Meredith recently graduated from college but has not yet started working.To be counted as unemployed she

Correct Answer
verified

Which of the following includes everyone in the adult population that the Bureau of Labor Statistics counts as unemployed?

Correct Answer
verified

Providing training for unemployed individuals is primarily intended to reduce

Correct Answer
verified

Refer to Scenario 28-1.What is the total labor force?

Correct Answer
verified

Adam is looking for a job in marketing.He has had some offers and his prospects are promising but he's not yet accepted a job.Amanda lost her job working for Mercury Bicycles because many customers decided they prefer bicycles manufactured by Ultimate Bicycles instead.Who is frictionally unemployed?

Correct Answer
verified

It is only among the least skilled and least experienced members of the labor force that minimum-wage laws cause unemployment.

Correct Answer
verified

Which of the following is not correct?

Correct Answer
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Correct Answer
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Which of the following is not correct?

Correct Answer
verified

Exam 28: Unemployment

An economist claims that changes in information technology and unemployment insurance have reduced unemployment.Which of these changes affect frictional unemployment?

Correct AnswerverifiedShow Answer

Figure 15-1 -Refer to Figure 15-1.If the government imposes a minimum wage of $4,then how many workers will be employed?

Correct AnswerverifiedShow Answer

People who report being not in the labor force but who,in fact,want to work but have given up trying to find a job after an unsuccessful search cause the reported unemployment rate to be lower than it would otherwise be.

Correct AnswerverifiedShow Answer

If the minimum wage were currently above the equilibrium wage,then a decrease in the minimum wage that kept it above the equilibrium wage would

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

Correct AnswerverifiedShow Answer

Not all unemployment ends with the job seeker finding a job.

Correct AnswerverifiedShow Answer

In the U.S. ,it is illegal for employers to interfere when workers try to organize unions.

Correct AnswerverifiedShow Answer

In the U.S. ,the National Labor Relations Board is the government agency that enforces workers' right to unionize.

Correct AnswerverifiedShow Answer

An American worker who becomes unemployed typically receives 100% of her former salary during the first six months she is unemployed.

Correct AnswerverifiedShow Answer

More than three-fourths of the unemployed are recent entrants into the labor force.

Correct AnswerverifiedShow Answer

Unions contribute to

Correct AnswerverifiedShow Answer

Meredith recently graduated from college but has not yet started working.To be counted as unemployed she

Correct AnswerverifiedShow Answer

Which of the following includes everyone in the adult population that the Bureau of Labor Statistics counts as unemployed?

Correct AnswerverifiedShow Answer

Providing training for unemployed individuals is primarily intended to reduce

Correct AnswerverifiedShow Answer

Refer to Scenario 28-1.What is the total labor force?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

It is only among the least skilled and least experienced members of the labor force that minimum-wage laws cause unemployment.

Correct AnswerverifiedShow Answer

Which of the following is not correct?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Which of the following is not correct?

Correct AnswerverifiedShow Answer

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