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The Bureau of Labor Statistics' U-4 measure of joblessness includes discouraged workers.

A) True
B) False

Correct Answer

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According to 2014 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?


A) white males
B) white females
C) black males
D) black females

E) A) and B)
F) None of the above

Correct Answer

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Table 28-2 Labor Data for Aridia Table 28-2 Labor Data for Aridia -Refer to Table 28-2. The number of adults not in the labor force of Aridia in 2010 was A) 200. B) 400. C) 600. D) 1,800. -Refer to Table 28-2. The number of adults not in the labor force of Aridia in 2010 was


A) 200.
B) 400.
C) 600.
D) 1,800.

E) A) and C)
F) A) and D)

Correct Answer

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Public policy can reduce frictional unemployment.

A) True
B) False

Correct Answer

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The reported unemployment rate should be viewed as


A) a useful but imperfect measure of joblessness.
B) clearly smaller than the true unemployment rate.
C) clearly larger than the true unemployment rate.
D) being very close to the true unemployment rate.

E) A) and B)
F) A) and C)

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Frictional unemployment is


A) not inevitable; rather, it can be reduced to zero by well-designed public policies.
B) not inevitable; rather, it could be reduced to zero if by the elimination of unemployment insurance.
C) inevitable, because at any given time, jobs are being created in some firms and destroyed in other firms.
D) inevitable, because in some industries, wages are always set above the level that brings supply and demand into equilibrium.

E) A) and C)
F) A) and B)

Correct Answer

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In June 2009 the Bureau of Labor Statistics 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?


A) 1.4/35.3 and 22.7/35.3
B) 1.4/35.3 and 24.1/35.3
C) 1.4/24.1 and 22.7/24.1
D) None of the above is correct.

E) A) and B)
F) A) and C)

Correct Answer

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According to 2014 data on the U.S. population, which of the following groups of adults of prime working age (ages 25-54) had the highest labor-force participation rate?


A) white males
B) white females
C) black males
D) black females

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

Correct Answer

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Unemployment generated by the existence of labor unions is structural unemployment and so contributes to the natural rate of unemployment.

A) True
B) False

Correct Answer

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Frictional unemployment is often the result of changes in the demand for labor among different firms.

A) True
B) False

Correct Answer

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Public policy can reduce the economy's natural rate of unemployment.

A) True
B) False

Correct Answer

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

A) True
B) False

Correct Answer

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Within the U.S. population, women of prime working age (ages 25-54) have similar rates of labor-force participation than men of prime working age (ages 25-54), regardless of race.

A) True
B) False

Correct Answer

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Figure 28-7 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? -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 Answer

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Labor supplied is 35...

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The process by which unions and firms agree on the terms of employment is called collective bargaining.

A) True
B) False

Correct Answer

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Which of the following is the correct formula for calculating the labor force participation rate?


A) Which of the following is the correct formula for calculating the labor force participation rate? A) B) C) D)
B) Which of the following is the correct formula for calculating the labor force participation rate? A) B) C) D)
C) Which of the following is the correct formula for calculating the labor force participation rate? A) B) C) D)
D) Which of the following is the correct formula for calculating the labor force participation rate? A) B) C) D)

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

Correct Answer

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Workers in unions reap the benefit of collective bargaining, while workers not in unions bear some of the cost.

A) True
B) False

Correct Answer

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The labor-force participation rate tells us the fraction of the population that is able to participate in the labor market.

A) True
B) False

Correct Answer

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A typical American worker covered by unemployment insurance receives


A) 50 percent of his former wages for 26 weeks.
B) 50 percent of his former wages for 52 weeks.
C) 100 percent of his former wages for 26 weeks.
D) 100 percent of his former wages for 52 weeks.

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

Correct Answer

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Which of the following is correct?


A) Union membership in the United States peaked in the 1940s and 1950s.
B) Unions play a larger role in the United States than in European countries such as Belgium, France, and Germany.
C) Because of the popularity of unions, most workers in the United States discuss their wages, benefits, and working conditions with their employers as a group.
D) Collective bargaining is the process by which unions negotiate membership dues with the National Labor Relations Board.

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

Correct Answer

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