Question 1

In one year, you meet 52 people who are each unemployed for one week and eight people who are each unemployed for the whole year. What percentage of the unemployment spells you encountered was short-term, and what percentage of the unemployment you encountered in a given week was long-term?

Accepted Answer

A)  52 percent and 13.3 percent
B)  52 percent and 88.9 percent
C)  86.7 percent and 13.3 percent
D)  86.7 percent and 88.9 percentE) B) and C)
F) None of the above

Question 2

Wages in excess of their equilibrium level help explain

Accepted Answer

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

Question 3

Most U.S. workers have wages well above the legal minimum, so minimum-wage laws do not prevent the wage from adjusting to balance supply and demand.

Accepted Answer

A) True 
 B)False

Question 4

Unions contribute to

Accepted Answer

A)  cyclical unemployment.
B)  frictional unemployment.
C)  seasonal unemployment.
D)  structural unemployment.E) All of the above
F) A) and D)

Question 5

The unemployment rate equals the percentage of the adult population that is unemployed.

Accepted Answer

A) True 
 B)False

Question 6

The unemployment that results from the process of matching workers and jobs is called structural unemployment.

Accepted Answer

A) True 
 B)False

Question 7

Some of a firm's workers are made worse off by the introduction of a union.

Accepted Answer

A) True 
 B)False

Question 8

Data on the unemployment rate in the U.S. since 1960 show that the unemployment rate sometimes is close to zero.

Accepted Answer

A) True 
 B)False

Question 9

In Belgium, Norway, and Sweden, the percentage of workers who belong to unions is

Accepted Answer

A)  almost zero.
B)  less than it is in the United States.
C)  about the same as it is in the United States.
D)  greater than it is in the United States.E) B) and C)
F) None of the above

Question 10

Every week, the Bureau of Labor Statistics produces data on unemployment.

Accepted Answer

A) True 
 B)False

Question 11

Table 15-1
Labor Data for Aridia
   Year 201020112012 Adult population 200030003200 Number of emplayed 140013001600 Number of unemplayed 200600200\begin{array} { | l | c | c | c | } \hline 	ext { Year } & \mathbf { 2 0 1 0 } & \mathbf { 2 0 1 1 } & \mathbf { 2 0 1 2 } \\hline 	ext { Adult population } & 2000 & 3000 & 3200 \\hline 	ext { Number of emplayed } & 1400 & 1300 & 1600 \\hline 	ext { Number of unemplayed } & 200 & 600 & 200 \\hline\end{array} Year  Adult population  Number of emplayed  Number of unemplayed ​201020001400200​201130001300600​201232001600200​​ 
-Refer to Table 15-1. The unemployment rate of Aridia in 2010 was

Accepted Answer

A)  10%.
B)  12.5%.
C)  14.3%.
D)  80%. E) B) and C)
F) A) and D)

Question 12

Within the U.S., blacks and whites have similar rates of unemployment.

Accepted Answer

A) True 
 B)False

Question 13

When a union bargains successfully with employers, in that industry,

Accepted Answer

A)  both the quantity of labor supplied and the quantity of labor demanded increase.
B)  both the quantity of labor supplied and the quantity of labor demanded decrease.
C)  the quantity of labor supplied increases and the quantity of labor demanded decreases.
D)  the quantity of labor demanded increases and the quantity of labor supplied decreases.E) A) and D)
F) None of the above

Question 14

A firm may pay efficiency wages in an attempt to

Accepted Answer

A)  reduce incentives to shirk.
B)  reduce turnover.
C)  attract a well-qualified pool of applicants.
D)  All of the above are correct.E) None of the above
F) B) and D)

Question 15

Mary worked part-time for her mother's business without pay. Larry was absent from work because he had the flu. Who is counted as employed by the BLS?

Accepted Answer

A)  Mary but not Larry
B)  Larry but not Mary
C)  both Marry and Larry
D)  neither Mary nor LarryE) B) and C)
F) A) and D)

Question 16

Adults who are waiting to be recalled to a job from which they had been laid off are counted as unemployed.

Accepted Answer

A) True 
 B)False

Question 17

The introduction of a union into an industry

Accepted Answer

A)  raises wages and employment in that industry.
B)  lowers wages and employment in that industry.
C)  lowers wages and raises employment in that industry.
D)  raises wages and lowers employment in that industry.E) A) and B)
F) A) and C)

Question 18

Table 15-1
Labor Data for Aridia
   Year 201020112012 Adult population 200030003200 Number of emplayed 140013001600 Number of unemplayed 200600200\begin{array} { | l | c | c | c | } \hline 	ext { Year } & \mathbf { 2 0 1 0 } & \mathbf { 2 0 1 1 } & \mathbf { 2 0 1 2 } \\hline 	ext { Adult population } & 2000 & 3000 & 3200 \\hline 	ext { Number of emplayed } & 1400 & 1300 & 1600 \\hline 	ext { Number of unemplayed } & 200 & 600 & 200 \\hline\end{array} Year  Adult population  Number of emplayed  Number of unemplayed ​201020001400200​201130001300600​201232001600200​​ 
-Refer to Table 15-1. The unemployment rate of Aridia in 2012 was

Accepted Answer

A)  6.25%.
B)  11.1%.
C)  12.5%.
D)  56.25%. E) A) and C)
F) A) and B)

Question 19

Policies that reduce the time it takes unemployed workers to find new jobs

Accepted Answer

A)  can reduce both frictional unemployment and the natural rate of unemployment.
B)  can reduce frictional unemployment, but it cannot reduce the natural rate of unemployment.
C)  cannot reduce frictional unemployment, but it can reduce the natural rate of unemployment.
D)  cannot reduce either frictional unemployment or the natural rate of unemployment.E) All of the above
F) A) and B)

Question 20

Unions

Accepted Answer

A)  raise the wages of unionized workers and raise unemployment.
B)  raise the wages of unionized workers and reduce unemployment.
C)  reduce the wages of unionized workers and raise unemployment.
D)  reduce the wages of unionized workers and reduce unemployment.E) C) and D)
F) All of the above

Exam 15: Unemployment

The unemployment that results from the process of matching workers and jobs is called structural unemployment.

Correct Answer
verified

When a union bargains successfully with employers, in that industry,

Correct Answer
verified

Within the U.S., blacks and whites have similar rates of unemployment.

Correct Answer
verified

Some of a firm's workers are made worse off by the introduction of a union.

Correct Answer
verified

Data on the unemployment rate in the U.S. since 1960 show that the unemployment rate sometimes is close to zero.

Correct Answer
verified

The unemployment rate equals the percentage of the adult population that is unemployed.

Correct Answer
verified

Every week, the Bureau of Labor Statistics produces data on unemployment.

Correct Answer
verified

Unions

Correct Answer
verified

Correct Answer
verified

The introduction of a union into an industry

Correct Answer
verified

Unions contribute to

Correct Answer
verified

In one year, you meet 52 people who are each unemployed for one week and eight people who are each unemployed for the whole year. What percentage of the unemployment spells you encountered was short-term, and what percentage of the unemployment you encountered in a given week was long-term?

Correct Answer
verified

Most U.S. workers have wages well above the legal minimum, so minimum-wage laws do not prevent the wage from adjusting to balance supply and demand.

Correct Answer
verified

Mary worked part-time for her mother's business without pay. Larry was absent from work because he had the flu. Who is counted as employed by the BLS?

Correct Answer
verified

In Belgium, Norway, and Sweden, the percentage of workers who belong to unions is

Correct Answer
verified

Correct Answer
verified

Policies that reduce the time it takes unemployed workers to find new jobs

Correct Answer
verified

Wages in excess of their equilibrium level help explain

Correct Answer
verified

Adults who are waiting to be recalled to a job from which they had been laid off are counted as unemployed.

Correct Answer
verified

A firm may pay efficiency wages in an attempt to

Correct Answer
verified

Exam 15: Unemployment

The unemployment that results from the process of matching workers and jobs is called structural unemployment.

Correct AnswerverifiedShow Answer

When a union bargains successfully with employers, in that industry,

Correct AnswerverifiedShow Answer

Within the U.S., blacks and whites have similar rates of unemployment.

Correct AnswerverifiedShow Answer

Some of a firm's workers are made worse off by the introduction of a union.

Correct AnswerverifiedShow Answer

Data on the unemployment rate in the U.S. since 1960 show that the unemployment rate sometimes is close to zero.

Correct AnswerverifiedShow Answer

The unemployment rate equals the percentage of the adult population that is unemployed.

Correct AnswerverifiedShow Answer

Every week, the Bureau of Labor Statistics produces data on unemployment.

Correct AnswerverifiedShow Answer

Unions

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

The introduction of a union into an industry

Correct AnswerverifiedShow Answer

Unions contribute to

Correct AnswerverifiedShow Answer

In one year, you meet 52 people who are each unemployed for one week and eight people who are each unemployed for the whole year. What percentage of the unemployment spells you encountered was short-term, and what percentage of the unemployment you encountered in a given week was long-term?

Correct AnswerverifiedShow Answer

Most U.S. workers have wages well above the legal minimum, so minimum-wage laws do not prevent the wage from adjusting to balance supply and demand.

Correct AnswerverifiedShow Answer

Mary worked part-time for her mother's business without pay. Larry was absent from work because he had the flu. Who is counted as employed by the BLS?

Correct AnswerverifiedShow Answer

In Belgium, Norway, and Sweden, the percentage of workers who belong to unions is

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Policies that reduce the time it takes unemployed workers to find new jobs

Correct AnswerverifiedShow Answer

Wages in excess of their equilibrium level help explain

Correct AnswerverifiedShow Answer

Adults who are waiting to be recalled to a job from which they had been laid off are counted as unemployed.

Correct AnswerverifiedShow Answer

A firm may pay efficiency wages in an attempt to

Correct AnswerverifiedShow Answer

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Correct Answer
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