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Exam 15: Unemployment

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Question 101

Multiple Choice

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Who in the adult population is counted as employed in U.S. labor statistics?

A) people who are temporarily absent from their job and people who work without pay in a family member's business
B) people who are temporarily absent from their job but not people who work without pay in a family member's business
C) people who work without pay in a family member's business but not people who are temporarily absent from their job
D) neither people who are temporarily absent from their job nor people who work without pay in a family member's business

E) None of the above
F) All of the above

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Question 102

Multiple Choice

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Efficiency wages

A) create a shortage of labor, and so reduce unemployment.
B) create a shortage of labor, and so raise unemployment.
C) create a surplus of labor, and so reduce unemployment.
D) create a surplus of labor, and so raise unemployment.

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

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Question 103

Multiple Choice

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Teenagers have more frequent unemployment spells so on average they spend more time searching for jobs. Other thing the same this means that teenagers have a

Over the past several decades, the difference between the labor-force participation rates of men and women in the U.S. has gradually decreased.

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

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?

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

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

Sectoral shifts contribute to structural unemployment.

Every month, the Bureau of Labor Statistics surveys 160,000 business establishments to help determine

Unions

In an ideal labor market, wages would adjust to balance the quantity of labor supplied and the quantity of labor demanded, ensuring that all workers are always fully employed.

In 2009, based on concepts similar to those used to estimate U.S. employment figures, the Japanese adult non-institutionalized population was 110.272 million, the labor force was 65.362 million, and the number of people employed was 62.242 million. According to these numbers, the Japanese labor-force participation rate and unemployment rate were about

The Bureau of Labor Statistics reported in 2005 that there were 53.23 million people over age 25 who had at least a bachelor's degree, 40.59 million of whom were employed and 0.98 million of whom were unemployed. What were the labor-force participation rate and the unemployment rate for this group?

Table 15-3 2010 Labor Data for Adults (age 16 and older) in Meditor $\begin{array} { | l | l | } \hline \text { Males not in labar farce } & 45 \text { million } \\\hline \text { Femeles nat in labor force } & 35 \text { million } \\\hline \text { Males unemplayed } & 5 \text { millian } \\\hline \text { Fenales unemployed } & 5 \text { millian } \\\hline \text { Males employed } & 85 \text { million } \\\hline \text { Fenales enployed } & 65 \text { milling } \\\hline\end{array}$ -Refer to Table 15-3. What is the adult labor force in Meditor?

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. What was Baltivia's labor-force participation rate in 2009?

Most spells of unemployment are

A typical American worker covered by unemployment insurance receives

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 employed in Baltivia in 2009?

The Bureau of Labor Statistics produces data on unemployment based on the number of people collecting unemployment insurance.