Question 1

Table 10-3
2010 Labor Data for Adults (age 16 and older)  in Meditor
 
-Refer to Table 10-3. What is the adult labor force in Meditor?

Accepted Answer

A)   90 million
B)   150 million
C)   160 million
D)   230 millionE) A) and B)
F) A) and C)

Question 2

The BLS counts discouraged workers as

Accepted Answer

A)   employed. Including them as employed makes the unemployment rate lower than otherwise.
B)   unemployed. Including them as unemployed makes the unemployment rate higher than otherwise.
C)   out of the labor force. If the were counted as unemployed the unemployment rate would be higher.
D)   None of the above is correct.E) All of the above
F) A) and B)

Question 3

If a union and a firm cannot reach an agreement on the terms of employment, then the union can organize a withdrawal of labor from the firm, called a strike.

Accepted Answer

A) True 
 B)False

Question 4

The destruction of manufacturing jobs and workers leaving their jobs to find better ones both contribute to structural unemployment.

Accepted Answer

A) True 
 B)False

Question 5

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

Accepted Answer

A)   higher unemployment rate. If a larger portion of the adult population were teenaged, the natural rate of unemployment would be higher.
B)   higher unemployment rate. The portion of the adult population that is teenaged does not affect the natural rate of unemployment.
C)   lower unemployment rate. If a larger portion of the adult population were teenaged, the natural rate of unemployment would be lower.
D)   lower unemployment rate. The portion of the adult population that is teenaged does not affect the natural rate of unemployment.E) A) and B)
F) A) and C)

Question 6

Which of the following does not help reduce frictional unemployment?

Accepted Answer

A)   government-run employment agencies
B)   public training programs
C)   unemployment insurance
D)   All of the above help reduce frictional unemployment.E) A) and B)
F) A) and C)

Question 7

Minimum-wage laws can keep wages

Accepted Answer

A)   above equilibrium and cause a surplus of labor.
B)   above equilibrium and cause a shortage of labor.
C)   below equilibrium and cause a surplus of labor.
D)   below equilibrium and cause a shortage of labor.E) None of the above
F) A) and D)

Question 8

Table 10-4
 
-Refer to Table 10-4. What is the U-1 measure of labor underutilization?

Accepted Answer

A)   1.6 percent
B)   3.1 percent
C)   6.2 percent
D)   7.0 percentE) A) and B)
F) B) and D)

Question 9

Suppose some country had an adult population of about 25 million, a labor-force participation rate of 60 percent, and an unemployment rate of 6 percent. How many people were employed?

Accepted Answer

A)   0.9 million
B)   14.1 million
C)   15 million
D)   23.5 millionE) A) and B)
F) C) and D)

Question 10

Refer to Sample
Sample Population
 
-Refer to Sample Population. How many in the sample are in the labor force?

Accepted Answer

A)   10
B)   9
C)   8
D)   None of the above is correct.E) C) and D)
F) None of the above

Question 11

Suppose there are a large number of men who used to work or seek work who now no longer do either. Other things the same, this makes

Accepted Answer

A)   the number of people unemployed rise but does not change the labor force.
B)   the number of people unemployed rise but makes the labor force fall.
C)   both the number of people unemployed and the labor force fall.
D)   the number of people unemployed fall but does not change the labor force.E) A) and B)
F) C) and D)

Question 12

Causes of the changing role of women in American society over the past several decades include new technologies that have reduced the amount of time required to complete routine household tasks, improved birth control, and changing political and social attitudes.

Accepted Answer

A) True 
 B)False

Question 13

Tara, the CEO of a corporation operating in a relatively poor country where wages are low, decides to raise the wages of her workers even though she faces an excess supply of labor. Her decision

Accepted Answer

A)   might increase profits if it means that the wage is high enough for her workers to eat a nutritious diet that makes them more productive.
B)   will help eliminate the excess supply of labor.
C)   may cause her workers to increase shirking.
D)   All of the above are correct.E) All of the above
F) B) and D)

Question 14

Which of the following is not correct?

Accepted Answer

A)   Most people who become unemployed will soon find jobs.
B)   In an ideal labor market, wages would adjust to ensure that all workers are always fully employed.
C)   The unemployment rate occasionally falls to zero.
D)   There are always some workers without jobs, even when the overall economy is doing well.E) B) and D)
F) A) and B)

Question 15

Over the past several decades in the United States, the labor-force participation rate of women has increased and the labor-force participation rate of men had decreased.

Accepted Answer

A) True 
 B)False

Question 16

According to 2009 data on the U.S. population, which of the following groups of teenagers (ages 16-19)  had the highest unemployment rate?

Accepted Answer

A)   white males
B)   white females
C)   black males
D)   black femalesE) None of the above
F) A) and C)

Question 17

Unions are often thought to cause conflict between different groups of workers -- between the insiders who benefit from high union wages and the outsiders who do not get the union jobs.

Accepted Answer

A) True 
 B)False

Question 18

Unemployment insurance is designed to offer workers full protection against job loss.

Accepted Answer

A) True 
 B)False

Question 19

Efficiency wages

Accepted Answer

A)   increase productivity and reduce unemployment.
B)   increase productivity but increase unemployment.
C)   decrease productivity but reduce unemployment.
D)   decrease productivity and increase unemployment.E) A) and B)
F) None of the above

Question 20

Since unemployment rates are consistently higher in Canada and some Western European countries than in the United States, it appears that the natural rate of unemployment is lower in the United States. What might explain this difference?

Accepted Answer

The text offers two explanations for the...

Exam 10: Unemployment

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

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The destruction of manufacturing jobs and workers leaving their jobs to find better ones both contribute to structural unemployment.

Correct AnswerverifiedShow Answer

Which of the following does not help reduce frictional unemployment?

Correct AnswerverifiedShow Answer

Tara, the CEO of a corporation operating in a relatively poor country where wages are low, decides to raise the wages of her workers even though she faces an excess supply of labor. Her decision

Correct AnswerverifiedShow Answer

Refer to Sample Sample Population -Refer to Sample Population. How many in the sample are in the labor force?

Correct AnswerverifiedShow Answer

Unions are often thought to cause conflict between different groups of workers -- between the insiders who benefit from high union wages and the outsiders who do not get the union jobs.

Correct AnswerverifiedShow Answer

If a union and a firm cannot reach an agreement on the terms of employment, then the union can organize a withdrawal of labor from the firm, called a strike.

Correct AnswerverifiedShow Answer

Suppose there are a large number of men who used to work or seek work who now no longer do either. Other things the same, this makes

Correct AnswerverifiedShow Answer

Suppose some country had an adult population of about 25 million, a labor-force participation rate of 60 percent, and an unemployment rate of 6 percent. How many people were employed?

Correct AnswerverifiedShow Answer

The BLS counts discouraged workers as

Correct AnswerverifiedShow Answer

Since unemployment rates are consistently higher in Canada and some Western European countries than in the United States, it appears that the natural rate of unemployment is lower in the United States. What might explain this difference?

Correct AnswerverifiedThe text offers two explanations for the...View AnswerShow Answer

Causes of the changing role of women in American society over the past several decades include new technologies that have reduced the amount of time required to complete routine household tasks, improved birth control, and changing political and social attitudes.

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Which of the following is not correct?

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Minimum-wage laws can keep wages

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Efficiency wages

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Table 10-4 -Refer to Table 10-4. What is the U-1 measure of labor underutilization?

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According to 2009 data on the U.S. population, which of the following groups of teenagers (ages 16-19) had the highest unemployment rate?

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Table 10-3 2010 Labor Data for Adults (age 16 and older) in Meditor -Refer to Table 10-3. What is the adult labor force in Meditor?

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Unemployment insurance is designed to offer workers full protection against job loss.

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Over the past several decades in the United States, the labor-force participation rate of women has increased and the labor-force participation rate of men had decreased.

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The text offers two explanations for the...
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