Question 1

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

Accepted Answer

A)   the number of people unemployed.
B)   the number of jobs the economy has gained or lost.
C)   the size of the labor force.
D)   the number of people who own their own businesses.E) A) and C)
F) B) and C)

Question 2

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

Accepted Answer

A) True 
 B)False

Question 3

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

Question 4

Mario was laid off two months ago. He has not searched for other work because he is expecting to be recalled to work. In the U.S. labor force statistics Mario is counted as

Accepted Answer

A)   unemployed and in the labor force.
B)   unemployed and not in the labor force.
C)   employed and in the labor force.
D)   not in the labor force.E) A) and D)
F) All of the above

Question 5

The reported unemployment rate should be viewed as

Accepted Answer

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

Question 6

The Bureau of Labor Statistics' U-1 measure of joblessness is smaller than its U-6 measure of joblessness.

Accepted Answer

A) True 
 B)False

Question 7

Some individuals would like to have a job, but they have given up looking for a job after an unsuccessful search. These individuals are called

Accepted Answer

A)   detached workers, and they are classified by the Bureau of Labor Statistics as unemployed.
B)   detached workers, and they are not classified by the Bureau of Labor Statistics as unemployed.
C)   discouraged workers, and they are classified by the Bureau of Labor Statistics as unemployed.
D)   discouraged workers, and they are not classified by the Bureau of Labor Statistics as unemployed.E) B) and C)
F) B) and D)

Question 8

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

Question 9

In order, which group has the highest participation rate and which has the higher unemployment rate?

Accepted Answer

A)   black males, black males
B)   black males, white males
C)   white males, black males
D)   white males, white malesE) A) and B)
F) A) and C)

Question 10

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) None of the above
F) B) and C)

Question 11

Almost nine-tenths of all spells of unemployment end when the unemployed person finds a job.

Accepted Answer

A) True 
 B)False

Question 12

To be counted as employed in the U.S. labor force statistics a person

Accepted Answer

A)   must be working for pay and be working full time.
B)   must be working for pay, but does not have to be working full time.
C)   does not have to be working for pay if they are working for a family business, but must be employed full time.
D)   does not have to be working for pay if they are working for a family business and does not have to be working full timeE) B) and C)
F) B) and D)

Question 13

In the absence of right-to-work laws, workers

Accepted Answer

A)   that went on strike could be permanently replaced.
B)   might be required to join the union if they worked for a unionized firm.
C)   would not be able to unionize.
D)   would not be able to strike.E) B) and D)
F) A) and D)

Question 14

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

Accepted Answer

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 businessE) C) and D)
F) A) and B)

Question 15

Government-run employment agencies and public training programs are operated by the government to try to facilitate job search and reduce unemployment.

Accepted Answer

A)   Almost all economists agree that such programs are of no use.
B)   Almost all economists agree that such programs work very well.
C)   Some economists claim that the government can do these things no better than firms and individuals could do them for themselves.
D)   Some economists claim that these programs increase frictional unemployment.E) B) and D)
F) B) and C)

Question 16

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) All of the above
F) None of the above

Question 17

Suppose that grocery clerks and nurses are not unionized. If the nurses unionize, then

Accepted Answer

A)   the wages of both grocery clerks and nurses will rise.
B)   the wages of both grocery clerks and nurses will fall.
C)   the wages of grocery clerks will rise and the wages of nurses will fall.
D)   the wages of nurses will rise and the wages of grocery clerks will fall.E) A) and B)
F) A) and C)

Question 18

Efficiency wages, minimum-wage laws, and unions all

Accepted Answer

A)   keep wages below the equilibrium level, causing a shortage of labor.
B)   keep wages below the equilibrium level, causing a surplus of labor.
C)   keep wages above the equilibrium level, causing a shortage of labor.
D)   keep wages above the equilibrium level, causing a surplus of labor.E) None of the above
F) C) and D)

Question 19

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) C) and D)

Question 20

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

Accepted Answer

A) True 
 B)False

Exam 10: Unemployment

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

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

Almost nine-tenths of all spells of unemployment end when the unemployed person finds a job.

Correct Answer
verified

Some individuals would like to have a job, but they have given up looking for a job after an unsuccessful search. These individuals are called

Correct Answer
verified

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

Correct Answer
verified

In order, which group has the highest participation rate and which has the higher unemployment rate?

Correct Answer
verified

The Bureau of Labor Statistics' U-1 measure of joblessness is smaller than its U-6 measure of joblessness.

Correct Answer
verified

Providing training for unemployed individuals is primarily intended to reduce

Correct Answer
verified

The reported unemployment rate should be viewed as

Correct Answer
verified

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

Correct Answer
verified

Suppose that grocery clerks and nurses are not unionized. If the nurses unionize, then

Correct Answer
verified

Mario was laid off two months ago. He has not searched for other work because he is expecting to be recalled to work. In the U.S. labor force statistics Mario is counted as

Correct Answer
verified

To be counted as employed in the U.S. labor force statistics a person

Correct Answer
verified

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 the absence of right-to-work laws, workers

Correct Answer
verified

Government-run employment agencies and public training programs are operated by the government to try to facilitate job search and reduce unemployment.

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

Efficiency wages, minimum-wage laws, and unions all

Correct Answer
verified

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

Correct Answer
verified

Exam 10: Unemployment

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

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

Almost nine-tenths of all spells of unemployment end when the unemployed person finds a job.

Correct AnswerverifiedShow Answer

Some individuals would like to have a job, but they have given up looking for a job after an unsuccessful search. These individuals are called

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

In order, which group has the highest participation rate and which has the higher unemployment rate?

Correct AnswerverifiedShow Answer

The Bureau of Labor Statistics' U-1 measure of joblessness is smaller than its U-6 measure of joblessness.

Correct AnswerverifiedShow Answer

Providing training for unemployed individuals is primarily intended to reduce

Correct AnswerverifiedShow Answer

The reported unemployment rate should be viewed as

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Suppose that grocery clerks and nurses are not unionized. If the nurses unionize, then

Correct AnswerverifiedShow Answer

Mario was laid off two months ago. He has not searched for other work because he is expecting to be recalled to work. In the U.S. labor force statistics Mario is counted as

Correct AnswerverifiedShow Answer

To be counted as employed in the U.S. labor force statistics a person

Correct AnswerverifiedShow Answer

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 the absence of right-to-work laws, workers

Correct AnswerverifiedShow Answer

Government-run employment agencies and public training programs are operated by the government to try to facilitate job search and reduce unemployment.

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

Efficiency wages, minimum-wage laws, and unions all

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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