Question 1

Table 10-5
2010 Labor Data for Tajnia
 
-Refer to Table 10-5. The labor-force participation rate of Tajnia in 2010 is about 40.8 percent.

Accepted Answer

A) True 
 B)False

Question 2

Table 10-5
2010 Labor Data for Tajnia
 
-Refer to Table 10-5. The unemployment rate of Tajnia in 2010 is about 18.4 percent.

Accepted Answer

A) True 
 B)False

Question 3

Only paid workers are included in the Bureau of Labor Statistics' "employed" category.

Accepted Answer

A) True 
 B)False

Question 4

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

Accepted Answer

A) True 
 B)False

Question 5

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

Question 6

Which of the following is not correct?

Accepted Answer

A)   A union is a worker association that bargains with employers over wages, benefits, and working conditions.
B)   Unions play a much larger role in the U.S. labor market now than they did in the past.
C)   Unions play a large role in many European countries.
D)   A union is a type of cartel.E) A) and B)
F) A) and C)

Question 7

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

Accepted Answer

A) True 
 B)False

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

Jill does not currently have a job, but has applied for several jobs in the previous week. Ken is an unpaid stay-at-home dad who has not searched for work in recent years. Who does the BLS count as out of the labor force?

Accepted Answer

A)   Jill but not Ken
B)   Ken but not Jill
C)   Jill and Ken
D)   neither Jill nor KenE) None of the above
F) All of the above

Question 10

Minimum-wage laws matter most for the least skilled and least experienced members of the labor force, such as teenagers.

Accepted Answer

A) True 
 B)False

Question 11

Collective bargaining refers to

Accepted Answer

A)   the process by which the government sets exemptions from the minimum wage law.
B)   setting the same wage for all employees to prevent conflict among workers.
C)   firms colluding to set the wages of employees below equilibrium.
D)   the process by which unions and firms agree on the terms of employment.E) All of the above
F) A) and C)

Question 12

Both full-time and part-time workers are included in the Bureau of Labor Statistics' "employed" category.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following is not a cause of the decline in the U.S. men's labor-force participation rate over the past several decades?

Accepted Answer

A)   young men now stay in school longer than their fathers and grandfathers did
B)   older men now retire earlier and live longer
C)   with more women employed, there are fewer jobs now available to men
D)   more fathers now stay at home to raise their childrenE) None of the above
F) C) and D)

Question 14

Structural unemployment results when wages are, for some reason, set above the level that brings supply and demand into equilibrium.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following is not correct?

Accepted Answer

A)   When a union is present in a labor market, wages are not determined by the equilibrium of supply and demand.
B)   Like any cartel, a union is a group of sellers acting together in the hope of exerting their joint market power.
C)   The process by which unions and firms agree on the terms of employment is called a strike.
D)   Most workers in the U.S. economy are not members of a union.E) A) and B)
F) A) and C)

Question 16

Marginally attached workers are people who

Accepted Answer

A)   are looking for a better job than they currently have.
B)   are not working and are not looking for work, but would work if asked.
C)   are working part-time while they go to school or get training for a better job.
D)   are only a few years from retirement.E) A) and B)
F) A) and C)

Question 17

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

Accepted Answer

A) True 
 B)False

Question 18

Frictional unemployment is inevitable because the economy is always changing.

Accepted Answer

A) True 
 B)False

Question 19

Table 10-2
2009 Labor Data for Baltivia
 
-Refer to Table 10-2. How many people were employed in Baltivia in 2009?

Accepted Answer

A)   9,600
B)   10,600
C)   11,000
D)   11,200E) A) and B)
F) A) and D)

Question 20

Andre owns his own business. Oscar is an unpaid worker in his family's business. Who is included in the Bureau of Labor Statistics' "employed" category?

Accepted Answer

A)   only Andre
B)   only Oscar
C)   both Andre and Oscar
D)   neither Andre nor OscarE) All of the above
F) B) and C)

Exam 10: Unemployment

Table 10-5 2010 Labor Data for Tajnia -Refer to Table 10-5. The labor-force participation rate of Tajnia in 2010 is about 40.8 percent.

Correct AnswerverifiedShow Answer

Only paid workers are included in the Bureau of Labor Statistics' "employed" category.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Which of the following is not a cause of the decline in the U.S. men's labor-force participation rate over the past several decades?

Correct AnswerverifiedShow Answer

Minimum-wage laws matter most for the least skilled and least experienced members of the labor force, such as teenagers.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Frictional unemployment is inevitable because the economy is always changing.

Correct AnswerverifiedShow Answer

Andre owns his own business. Oscar is an unpaid worker in his family's business. Who is included in the Bureau of Labor Statistics' "employed" category?

Correct AnswerverifiedShow Answer

Collective bargaining refers to

Correct AnswerverifiedShow Answer

Structural unemployment results when wages are, for some reason, set above the level that brings supply and demand into equilibrium.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Marginally attached workers are people who

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Which of the following is not correct?

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Table 10-5 2010 Labor Data for Tajnia -Refer to Table 10-5. The unemployment rate of Tajnia in 2010 is about 18.4 percent.

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Table 10-2 2009 Labor Data for Baltivia -Refer to Table 10-2. How many people were employed in Baltivia in 2009?

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

Correct AnswerverifiedShow Answer

Jill does not currently have a job, but has applied for several jobs in the previous week. Ken is an unpaid stay-at-home dad who has not searched for work in recent years. Who does the BLS count as out of the labor force?

Correct AnswerverifiedShow Answer

Which of the following is not correct?

Correct AnswerverifiedShow Answer

Both full-time and part-time workers are included in the Bureau of Labor Statistics' "employed" category.

Correct AnswerverifiedShow Answer

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